My right hon. Friend has now set up a Committee with the following terms of reference: To consider (a) whether, and if so in what circumstances and to what extent, it is desirable to reduce the need for the endorsement of order cheques and similar instruments received for collection by a bank (b) what, if any, amendment of the Bills of Exchange Act, 1882, or other statutory provision should be made for this purpose; and to report. The following have accepted his invitation to serve on the Committee:

• Mr. A. A. Mocatta, O.B.E., Q.C. (Chairman),
• Lord Chorley, M.A., J.P.,
• Mr. A. H. Ensor,
• Mr. E. J. Partridge,
• Mr. W. K. M. Slimmings,

The Committee will, I understand, be starting its work shortly and will make an announcement when it is ready to receive evidence.