I mentioned in the House on 18 July 2012, at the conclusion of the debate on the Private Members' Bill on the issue of capping the interest rate charged by licensed moneylenders, that I would draw to the attention of the Governor of the Central Bank, the concerns and points raised during the debate. I have received a reply from the Governor and its contents are being examined. The Governor's response raises a number of significant issues which will require additional consultation between my Department and the Central Bank. The Governor did mention, however, that an interest rate cap on licensed moneylenders may lead to greater financial exclusion and more customers may resort to the use of illegal moneylenders.