HC Deb 05 November 1940 vol 365 c1200
Mr. Bellenger

asked 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. Wood

The answer to the first part of the Question is in the negative, and the second part does not, therefore, arise.

Mr. Craven-Ellis

Does 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. Wood

No, Sir, I have already answered the Question.