asked the Chancellor of the Exchequer whether he is aware that the Co-operative Wholesale Society's Bank is offering local authorities an interest rate of 1 per cent. on current accounts, as opposed to no interest from the joint stock banks, and 2 per cent. on deposit accounts provided seven days' notice of withdrawal is given, as opposed to one-half of one per cent. offered by the joint stock banks with 14 days' notice of withdrawal; and how he proposes to meet this threat to his cheap money policy.