§ Sir A. MARKHAM
asked the Chancellor of the Exchequer (1) if he would state the total sums of money advanced under the Treasury scheme to acceptors of pre-moratorium bills of exchange to 21st November instant; (2) whether, before advances have been made by the Bank of England to acceptors of pre-moratorium bills of exchange under the Treasury scheme, the securities deposited with the accepting houses by the drawers of such bills have been hypothecated by deed to the Bank of England for the security of His Majesty's Government; (3) the total sums of money advanced to 21st November instant under the Treasury scheme on pre-moratorium bills of exchange to private banks or accepting houses who have representatives on the board of directors of the Bank of England; and (4) whether the Bank of England under the Treasury scheme have in all cases before making advances to accepting houses on pre-moratorium bills of exchange, asked that collateral security should be given in addition to the securities, if any, deposited by the drawers of the bills with the accepting houses; and, if so, will he say what margin of collateral security has been asked or obtained by the bank for and on behalf of His Majesty's Government; and if collateral security has in all cases been demanded by the bank from the private banks or accepting houses who have representatives sitting on the board of the directors of the Bank of England?
§ Mr. MONTAGU
My right hon. Friend is proposing to deal with the points raised in these questions in the course of the Debate this afternoon.