Orders of the Day — Bank of England Bill

Part of the debate – in the House of Commons at 12:00 am on 29 October 1945.

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Photo of Mr Hugh Dalton Mr Hugh Dalton , Bishop Auckland 12:00, 29 October 1945

It will suffice for now—[HON MEMBERS:"No!"] If hon. Members want the answer, I will give it; if not, we will take the vote. It will perhaps suffice for now if I say that, following the Second Reading, the Bill will go to a Select Committee, whose duty it will be to examine these things in the closest detail. When I said to-night that I was satisfied that it was a good bargain for the State, I intended to imply, and I do now say, that what the State is obtaining, by reason of taking over the Bank of England, is substantially greater than the total sum which is being paid in compensation.