§ 56. Mr. Maudling
asked the Chancellor of the Exchequer what directions on the restriction of credit for hire purchase have been given by his authority to the banks.
§ Mr. Gaitskell
In 1947, as part of the general campaign against inflation, the banks were asked not to increase the facilities they offered for financing hire purchase, particularly of consumer goods. These restrictions are just as necessary today.
§ Mr. Maudling
Can the Chancellor of the Exchequer give any estimate of the amount of these facilities now available?