Clause 2. — (Power for the Treasury to borrow.)

Part of the debate – in the House of Commons on 5th August 1942.

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Photo of Lieut-General Edward Fitzroy Lieut-General Edward Fitzroy , Daventry

The hon. Member must not, under this Amendment, go into any details as to the general question of financing the war. The Amendment covers a very limited point indeed. It is merely an Amendment to the maximum rate of interest permitted in the case of transactions which are perfectly well known and well established.