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Bank Of England (Activities)

Volume 476: debated on Monday 26 June 1950

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112.

asked the Chancellor of the Exchequer what modifications have been made through decisions of the Bank of England in the accepted rules for the discounting and rediscounting of bills for prime bank bills and six months bills respectively by the Bank of England since the transfer of that Bank to public ownership.

The Question refers to matters which lie within the sphere of the day-to-day activities of the Bank of England, and is not therefore one which I am prepared to answer.