§ 25. Mr. Warren
asked the Chancellor of the Exchequer what restraints are being applied to the growth in the supply of money.137W
§ 31. Mr. Bruce-Gardyne
asked the Chancellor of the Exchequer what was the increase in the money supply according to the M3 definition over the latest period of three months for which information is available, at an annual rate ; whether this increase was in accord with the monetary policy of Her Majesty's Government ; and if he will now redefine the objectives of monetary policy for the remainder of the current financial year.
§ Mr. Nott
On a seasonally-adjusted basis, M3 rose by 5.7 per cent. in the three months to mid-November, or at an annual rate of about 25 per cent. The measures announced by my right hon. Friend on 17th December included a new technique for improving the authorities' control over the growth of money and credit.