§ Sir N. Grattan-Doyle
asked the Chancellor of the Exchequor, whether he will now make an explanatory announcement as to time and method of issuing the defence loans for public subscription so as to dispel the impression of secrecy or mystery felt by inexpert private persons anxious to offer their savings for the service of the country, and so that they may arrange their affairs without thinking that earlier information will be given to financial institutions?
§ Captain Crookshank
I am sure that my hon. Friend will realise on reflection that it is quite impossible for the Government to announce detailed plans for raising loans in advance. If there is any such feeling in any quarter as that suggested in my hon. Friend's Question, I am happy to dispel it. No information ever is given by the Treasury to financial institutions on such matters in advance1830W of a statement to the House or other public announcement. Any loan offer to be made for financing our expenditure on rearmament will be framed with careful regard to the needs and desires of all classes of investors, and private persons anxious to offer their savings for the service of the country will have abundant opportunities to do so.