§ Mr. G. M. Thomson
asked the Chancellor of the Exchequer what steps he has taken to ensure that banks in areas of high local unemployment have informed their customers of the relaxation he has recommended in credit restrictions.
— January, 1958 February, 1958 March, 1958 April, 1958 £ £ £ £ Pool betting duty receipts— At 30 per cent. on football and similar pools 3,076,782 2,314,970 2,463,823 2,515,114 At 10 per cent. on greyhound totalisators 439,540 369,979 394,432 511,847 Bookmakers' licence duty 128,316 103,904 120,831 143,005 TOTALS 3,644,638 2,788,853 2,979,086 3,169,966
§ Mr. Simon
In his Budget Speech on 15th April, my right hon. Friend said: "I am confirming to the Capital Issues Committee and to the banks that the Government would not wish any projects for sound development in areas where unemployment is substantially above the average to be held back by lack of credit or finance". This statement received considerable publicity at the time and subsequently, and I do not think that further action by the Government is required to bring it to the notice of bank customers.