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Mcgrigor's Bank

Volume 159: debated on Monday 27 November 1922

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asked the Under Secretary of State for War whether large numbers of Army chaplains, acting on the introduction of the War Office, had their banking accounts at McGrigor's; and whether, under the special circumstances of the case, the Government are prepared to do anything for those who have suffered owing to the bank's failure?

asked the Under-Secretary of State for War whether his attention has been called to the situation produced by the failure of McGrigor's Bank; whether it is the intention of the Government to guarantee the depositors against loss: whether he can make any statement with regard to the general position of the concern; and what steps the Government propose to take to prevent a similar situation arising?

I would refer my hon. Friends to the reply which I gave on Friday last to my hon. and gallant Friend the Member for Yeovil (Mr. A. Herbert).