HC Deb 22 February 1955 vol 537 cc129-30W
80. Mr. Page

asked the Chancellor of the Exchequer what representations he has received about the possibility of savings being achieved both for the banks and for the public by dispensing with endorsement when a chequer is paid into the payee's own bank.

Mr. R. A. Butler

Various representations have been made to me on this question, and I have given careful consideration to them. I have come to the conclusion that the complicated issues of law and practice raised by this proposal merit a thorough examination in the light of the evidence of experts in this field and of the views of all interested parties. I have therefore decided to appoint a Committee to investigate the matter further. I am happy to be able to announce that Mr. Alan A. Mocatta, O.B.E., Q.C., has consented to become Chairman. I am grateful to my hon. Friend for the valuable initiative he has taken in focusing attention on this matter.

I will make a further statement about the membership and terms of reference of the Committee as soon as possible.

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