HC Deb 17 July 1929 vol 230 c462W
Major POLE

asked the Secretary of State for India whether the terms of reference to the Banking Inquiry Committee recently announced by the Government of India include investigation into the possibilities of relieving the indebtedness of the agriculturists and working classes in India by the establishment of special banks; if the personnel of the committee includes representatives of those interests; and whether he will suggest the filling up of the vacancy in the committee caused by the death of Mr. Madon, bearing this consideration in mind?

Mr. BENN

The scope of the inquiry includes the regulation of banking with a view to protecting the interests of the public and the development of banking with special reference to the needs of agriculture, commerce and industry. The central committee includes two representatives of the co-operative movement and representatives of the public from the side of those who require credit facilities. The question of replacing the late Mr. Madon on the committee will doubtless receive the consideration of the Government of India.