§ 60. Mr. Bruce-Gardyneasked the Chancellor of the Exchequer whether he will make a statement on the increase in the money stock during the December quarter of an annual rate of £4,400 million in the light of Government monetary policy; and when was the last occasion 30W on which such a quarterly rate of monetary expansion occurred.
§ Mr. HigginsI would ask my hon. Friend to await my right hon. Friend's Budget Statement. On the second part of the Question, seasonally adjusted quarterly estimates of M3 are only available from March, 1963;the increase in the December quarter is the highest recorded in that period.