C.W.S. Bank

Part of Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 28 Ionawr 1947.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland 12:00, 28 Ionawr 1947

As I have said, I am in touch with the Co-operative Wholesale Society on the subject. I have been in touch with them from time to time on a great number of matters, of which this is only one, and they have given great support to the Government in many respects, not least by holding £200 million Government securities, which is more than most private enterprises hold. As I have said, I am in touch with them on this matter, and they are well aware that I Should welcome a reduction in interest rate—they know that, and I have told them. They did, in fact, at my request make a reduction at the beginning of last year, and I am in touch with them again.