Oral Answers to Questions — Stock Exchange (Interest Charges).

Part of the debate – in the House of Commons on 10th May 1922.

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Photo of Mr James Kiley Mr James Kiley , Stepney Whitechapel and St George's


asked the Chancellor of the Exchequer whether he is aware that the Stock Exchange Committee are allowing their members to charge the public on pre-War carry-over 9 per cent, interest, notwithstanding the reduction of the deposit rate to 2½ per cent.; and that the committee promised the Government in 1914 that members of the Stock Exchange would hand on to their clients any advantage that a reduced rate of interest by the joint stock banks might give them, and whether the Government intend to take any action in this matter?