HC Deb 15 April 1965 vol 710 cc263-4W
Captain Kerby

asked the Chancellor of the Exchequer if he will take steps to ensure that all Government financial requirements should be provided by emissions, free of debt and interest, by the Bank of England, which should be the sole issuer of money for all purposes, including loans to the private banks for relending; if he is aware that such procedure, rather than the present system of borrowing from private home and foreign bankers, would progressively eliminate the National Debt and much of taxation; and if he will make a statement.

Mr. Diamond