Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 12 June 1945.
No, Sir. The exemption limit of £50,000, like the previous limit of £10,000, is of general application whatever the source of the proposed borrowing. If the decision to raise the limit is justified, as I think it is, it should apply Irrespective of the source of the borrowing and cannot therefore afford any ground for seeking assurances from one particular lender.