HC Deb 23 July 1973 vol 860 c281W
48. Mr. Bruce-Gardyne

asked the Chancellor of the Exchequer what study he has given to the figures on bank lending to mid-June published by the clearing banks; and whether he is satisfied that the implications of these figures for the growth of money supply during the month of June are in conformity with the policy of Her Majesty's Government.

Mr. Nott

My right hon. Friend has, as always, given careful study to the latest banking figures. But, as my hon. Friend will know, monetary statistics fluctuate considerably from month to month and it is never wise to draw conclusions from the figures for a single month.