HC Deb 04 February 1958 vol 581 c963
23. Mr. Emrys Hughes

asked the Chancellor of the Exchequer what is his estimate of the increased expenditure likely to be incurred by those Departments which have banking accounts with Scottish banks by reason of the increase in charges by those banks.

Mr. Amory

I cannot make a precise estimate, but the figure is likely to be very small.

Mr. Hughes

Can the right hon. Gentleman say whether the figure is likely to be very small? Since the banks are giving special treatment to religious and charitable institutions, does he consider himself to be one of them? Can he say whether he has made any representations to the banks, which make very big profits, on the ground that depositors regard these charges as inflationary? Does he not think that he should safeguard small depositors?

Mr. Amory

We may be regarded as a charitable institution, because most of our business is exempt.