HC Deb 11 June 1942 vol 380 cc1261-2W
Sir E. Graham-Little

asked the Chancellor of the Exchequer whether his attention has been drawn to the position resulting from his refusal to maintain for the present financial year the grant hitherto made to London University, which is the only British university to have its grant diminished; and, as the condition that Exchequer grants are conditional on local authority grants leaves the control of educational policy to the local authorities, will he take steps to alter it?

March, 1942, was approximately £540. The following table shows (a) for each Stock Exchange the effect over the same period of the operation of Section 42 of the Finance Act, 1920, as amended by the Finance Act, 1931, and (b) the aggregate total from 1st september, 1920, when that Section came into operation to 31st March, 1942:

Sir K. Wood

I cannot add to the full explanation of this matter which I gave my hon. Friend on 10th March in reply to his previous Question. I do not accept the inference contained in the latter part of the Question.