§ Mr. Gouldasked the Chancellor of the Exchequer (1) how the current level of sales of commercial bills compares with the level in each of the last 20 years;
(2) further to his reply of 5 July, Official Report, columns 53–54, about commercial bills, why commercial bills sold by the banks to the Bank of England are included in his definition of the money supply prior to sale;
(3) further to his reply of 5 July, Official Report, columns 53–54, about commercial bills, what eventually happens to the commercial bills purchased by the Bank of 66W England; and by what mechanism they are prevented from passing into the private sector and thence into the money supply.