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Volume 957: debated on Thursday 9 November 1978

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The Chancellor of the Exchequer, supported by Mr. Secretary Millan, Mr. Secretary Dell, Mr. Joel Barnett, Mr. Robert Sheldon, and Mr. Denzil Davies, presented a Bill to regulate the acceptance of deposits in the course of a business; to confer functions on the Bank of England with respect to the control of institutions carrying on deposit-taking businesses; to give further protection to persons who are depositors with such institutions; to make provision with respect to advertisements inviting the making of deposits; to restrict the use of names and descriptions associated with banks and banking; to prohibit fraudulent inducement to make a deposit; to repeal certain enactments relating to banks and banking, and for purposes connected therewith: And the same was read the First time; and ordered to be read a Second time tomorrow and to be printed [Bill 7].