§ 61. Mr. Emrys Hughesasked the Chancellor of the Exchequer if, in view of the danger of inflation, and the considerable expenditure to be incurred in paying large annual sums in compensation to shareholders of industries that have been nationalised, he will introduce legislation providing for part payment of such compensation to wealthier shareholders in a manner akin to the post-war credit scheme.
§ Sir S. CrippsNo, Sir. This proposal would be inconsistent with the Government's compensation policy, to which effect has been given in several Acts of Parliament.
§ Mr. HughesIs the Chancellor aware that we are anxious to help him in his financial difficulties; and. as I have 201 drawn up a memorandum outlining a scheme for post-crisis credits for shareholders payable in 1972, will he look at it seriously?
§ Sir S. CrippsI will look at any scheme the hon. Gentleman draws up.