§ Rear-Admiral Beamishasked the Chancellor of the Exchequer whether, in order to encourage thrift and to allay doubts that have arisen in the minds of those who direct and subscribe to the War Savings Campaign, he will again make it clear that those who lend money to the State and rentier people living on interest, can 716W look to the future without fears for their loans or their interest?
§ Sir K. WoodLoans to the State will be honoured without exception or qualification. The State is not directly responsible for private loans, but it is the declared policy of His Majesty's Government to maintain public confidence in the credit structure of the country and no action of any kind is contemplated which would interfere with the rights of creditors in respect of private loans.