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Oral Answers to Questions — Trade Facilities Act (Guarantees).

– in the House of Commons at on 5 August 1924.

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Photo of Mr Leonard Franklin Mr Leonard Franklin , Hackney Central

53.

asked the Chancellor of the exchequer whether, in view of the small number of loans under £10,000 that are guaranteed under tire Trade Facilities Act, he will consider the appointing of a committee to examine the whole question, with a view to making the guarantees under this Act available for the smaller traders?

Mr. GRAHAM:

As I have already informed my hon. Friend in Debate, there is no discrimination whatever against the smaller trader, and I fear I cannot accept his suggestion as to the appointment of a committee.

Chancellor of the Exchequer

The chancellor of the exchequer is the government's chief financial minister and as such is responsible for raising government revenue through taxation or borrowing and for controlling overall government spending.

The chancellor's plans for the economy are delivered to the House of Commons every year in the Budget speech.

The chancellor is the most senior figure at the Treasury, even though the prime minister holds an additional title of 'First Lord of the Treasury'. He normally resides at Number 11 Downing Street.