70. Mr. Norman Smithasked the Chancellor of the Exchequer why he has directed that banks shall discontinue or abate the practice of allowing overdrafts in the cases of the holders of personal accounts who have deposited scrip or share certificates.
§ Mr. Boyd-CarpenterMy right hon. Friend has not, since he took office, given any fresh direction on the subject of bank advances. But the banks remain fully aware of the importance of discouraging, in the public interest, any advances which, like those mentioned by the hon. Member, may be inflationary in character.