§ 23. Mr. McNamara
asked the Chancellor of the Exchequer whether he will direct the Bank of England to instruct banks that credit card transactions which were entered into before 17th December 1973 shall not be subject to the new limitations imposed by his announcement of that date.
§ Mr. Maurice Macmillan
No. However, the measures announced by my right hon. Friend on 17th December were not intended to put card holders in financial difficulties, and the credit card companies have made it clear that, in respect of debts incurred on the previous terms, they will deal sympathetically with cases of hardship.