HC Deb 09 October 1940 vol 365 cc367-8
38. Mr. Craven-Ellis

asked the Chancellor of the Exchequer on what grounds of public advantage it is intended that the Bank of England shall continue its association with the Bank for International Settlements?

The Financial Secretary to the Treasury (Captain Crookshank)

This country has various interests and rights under the Trust Agreement between various Governments and the Bank for International Settlements of 17th May, 1930, printed on pages 10 to 56 of Command Paper No. 3598 of 1930, and, in view of the present position as explained in the answer which my right hon. Friend the Chancellor of the Exchequer gave to my hon. Friend on 17th Septémber, it would not be in the national interest to change our connection with the Bank for International Settlements.

Mr. Bellenger

In view of the statement the right hon. and gallant Gentleman has made, can he say whether any transactions are taking place between ourselves and the constituent members of this bank, particularly the Germans?

Captain Crookshank

I must have notice of that Question.

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