§ Mr. FrenchTo ask the Chancellor of the Exchequer if he has received any representations about(a) the time taken for and (b) the efficiency of the transfer of funds between banks.
§ Mr. MaplesYes, but very few.
§ Mr. FrenchTo ask the Chancellor of the Exchequer what is his estimate of the level of depositors' balances in transit between one deposit taking institution and another which remains as uncleared funds at the close of each day's business.
§ Mr. MaplesItems in sterling in the course of transmission between one deposit-taking institution and another which are uncleared at the end of each day are estimated to be in excess of £10 billion.