§ Mr. Liddallasked the Chancellor of the Exchequer whether, in order to reduce national expenditure, he will exercise the Treasury control of credit-rates by not accepting from the discount market in future, tenders at the rate of less than £100 1s. for 90 days Treasury Bills per cent., instead of the recently accepted tenders at the slightly more expensive rate of £99 14s. 11d. for 89 days Treasury Bills?
§ Sir J. SimonNo, Sir. The problem of attracting the very large sums of money which the Government now have to raise by the issue of Treasury Bills for the prosecution of the war cannot be solved by suggestions of this kind, even if they are not carried to the extreme length of requiring those who tender for Treasury Bills to pay for the privilege of lending their money to the Government.