Warships Weeks, Edinburgh and Glasgow.

Oral Answers to Questions — National Finance. – in the House of Commons on 3rd February 1942.

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Photo of Mr Alexander Sloan Mr Alexander Sloan , South Ayrshire

asked the Chancellor of the Exchequer what were the total amounts raised for war loan in Edinburgh and Glasgow during the warships week; how much of this was contributed by banks and insurance companies; and how much was paid in commission to banks and stockbrokers during those weeks?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

The amounts raised during the Edinburgh and Glasgow Warship Weeks, including subscriptions to all forms of Government security now on issue, purchases of National Savings Certificates, deposits in the Savings Banks, and loans free of interest and gifts to the nation, were £15,482,031 and £13,510,424 respectively. The other information for which my hon. Friend asks could not be obtained without a disproportionate amount of trouble.

Photo of Mr Alexander Sloan Mr Alexander Sloan , South Ayrshire

Is it not the case that the right hon. Gentleman does not give the information because it would prove that these were really not genuine funds raised by the workers, but that the money is secured largely from the banks and insurance companies?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

There is no foundation for that as far as I am concerned.

Photo of Mr Richard Stokes Mr Richard Stokes , Ipswich

When will the right hon. Gentleman explain his reluctance to give figures of the commission on money subscribed for these loans, which he knows is very large?