§ Mr. Bellengerasked the Chancellor of the Exchequer whether any transactions are taking place between the Bank of England, acting as a member of the Bank for International Settlements, and other central banks forming part of that institution; and, if so, what is their nature?
§ Sir K. WoodThe answer to the first part of the Question is in the negative, and the second part does not, therefore, arise.
§ Mr. Craven-EllisDoes the right hon. Gentleman not consider that our subjection to an international financial body, such as the Bank for International Settlements, might be highly dangerous to our future independence of action?
§ Sir K. WoodNo, Sir, I have already answered the Question.