§ 54. Mr. MANDERasked the Chancellor of the Exchequer if, in view of the views expressed during the debate in committee of the Assembly of the League of Nations last September, he will consider the advisability of urging on the Council of the League that the report of the work of the International Bank should be considered by the appropriate organ of the League from time to time?
§ Mr. P. SNOWDENThe Bank for International Settlements is a non-political business institution managed by a Board whose members are nominated by the central banks, and not by the Governments of the countries concerned. It may be hoped that means will be found of establishing friendly contact between the bank and the appropriate organ of the League; but it would be premature at the present time to attempt to lay down in what manner this can best be achieved.
§ Mr. MANDERDoes not the right hon. Gentleman feel that there is grave danger in allowing a great private body of this kind to arise, in no way subject to public control?
§ Mr. SNOWDENI think that that point is covered by the last part of my answer.