§ Sir A. FELLasked the Chancellor of the Exchequer what action the Government propose to take with regard to the recommendations contained in the Report of the Committee on Bank Amalgamations?
§ Mr. BONAR LAWThe Government propose to introduce legislation as soon as possible with a view to carrying out the Committee's recommendations. Mean time, in order to avoid delay, it is proposed to set up at once the Committee of two to advise the Departments concerned on the desirability or otherwise of any schemes for amalgamations that may be proposed, and I am glad to be able to announce that Lord Inchcape has agreed to act on this Committee as the financial representative, and Lord Colwyn as the commercial representative. The Committee will be prepared to consider forth with any schemes of this character that may be submitted to the Government. Applications should be addressed to me at the Treasury.