HC Deb 27 November 1922 vol 159 cc311-2W
Mr. BIRCHALL

asked the Under Secretary of State for War whether large numbers of Army chaplains, acting on the introduction of the War Office, had their banking accounts at McGrigor's; and whether, under the special circumstances of the case, the Government are prepared to do anything for those who have suffered owing to the bank's failure?

Sir C. KINLOCH-COOKE

asked the Under-Secretary of State for War whether his attention has been called to the situation produced by the failure of McGrigor's Bank; whether it is the intention of the Government to guarantee the depositors against loss: whether he can make any statement with regard to the general position of the concern; and what steps the Government propose to take to prevent a similar situation arising?

Lieut-Colonel GUINNESS

I would refer my hon. Friends to the reply which I gave on Friday last to my hon. and gallant Friend the Member for Yeovil (Mr. A. Herbert).