§ 50. Sir J. BUTCHERasked the Chancellor of the Exchequer whether he can state the estimated value of the outstanding assets of the London branches of the German and Austrian banks which have not yet been placed in safe custody; and what steps have still to be taken in order to place such assets in safe custody?
§ Mr. BONAR LAWNo precise estimate can be made of the value of the vested securities held by the Controller as the agent of the Custodian and not yet lodged at the Bank of England, to which I understand my hon. and learned Friend to refer, but their value reaches, I am informed, several millions sterling. As regards the second part of the question, a statement as to the future arrangements for dealing with the enemy banks will be made in the course of this afternoon's Debate.