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Mr. Richard Shepherd
asked the Chancellor of the Exchequer what steps he proposes to take in connection with the restrictions being placed by the Bank of Ireland on the transfer to the United Kingdom of accounts held in the bank by British account holders: if he has and since the changes are small in relation to these levels, the estimates of the changes are proportionately less reliable than the estimates for money stock outstanding.
Mr. David Price
asked the Chancellor of the Exchequer if he is satisfied that the two measures of money supply currently used by the Treasury, namely sterling M1 and sterling M3, include all near-money which can be mobilised to circumvent conventional controls on money.
Mr. Lawson
I shall let my hon. Friend have a reply as soon as possible.