HC Deb 27 November 1934 vol 295 c671
47. Mr. REMER

asked the Chancellor of the Exchequer whether in view of the fact that the Bank for International Settlements has been unable to perform the functions for which it was primarily set up, he will consider recommending its dissolution?

The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)

No, Sir. The Bank for International Settlements was set up not merely to handle reparation payments, but to assist collaboration between central banks. This country was a party to the resolutions passed in London last year by the International Monetary Conference which reaffirmed previous declarations in favour of close and continuous co-operation between central banks, and expressed the view that the Bank for International Settlements should pay an increasingly important part in this process.