HC Deb 26 June 1980 vol 987 c257W
42. Dr. Glyn

asked the Chancellor of the Exchequer under what circumstances he would exercise his powers to give directions to the Bank of England under section 4 of the Bank of England Act 1946.

Mr. Lawson

Where, after consultation with the Governor of the Bank of England, it is considered necessary in the public interest.

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