§ 50. Major HUNTasked the Prime Minister whether land has been bought or is about to be bought for a new German bank in London; and, if so, whether it is the policy of the Government to allow Germans to carry on business in their own banks in this country after the War?
§ Mr. BONAR LAWI have not heard of any proposal of such a transaction as is suggested in the question, which I feel sure would be illegal.
§ 57. Mr. BUTCHERasked the Chancellor of the Exchequer the length of the term for which new premises in Bishops gate Street have been taken for the London agency of the Deutsche Bank and the reasons why the particular length of term was decided, on?
§ Mr. BONAR LAWThe tenancy of the premises has been taken for a period expiring six months after the declaration of peace. It was a matter of no little difficulty to obtain suitable premises, and the terms of the lease were the best that could be made in the circumstances.