§ Mr. Stokesasked the Chancellor of the Exchequer whether he is aware that the total volume of deposits in the five joint stock banks is approximately £2,000,000,000, whereas the volume of money in circulation is approximately £500,000,000; and what measures he pro poses to take, in case of emergency, to prevent depositors demanding their de posits in cash?
§ Sir J. SimonThe resources of the joint stock banks are adequate for all purposes and there will not be the remotest difficulty in supplying currency to meet any probable or improbable demand in case of emergency.