§ 49. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer to whom the shares in the Bank for International Settlements, formerly held by Axis or Axis satellite central banks, have been transferred; and whether such transfer was approved by His Majesty's Government.
§ Mr. DaltonNo such transfers have been made so far. German and Japanese owned shares in the bank will be dealt with under the reparation settlements for these countries in-the same way as other external assets.
§ Colonel Crosthwaite-EyreCan the Chancellor of the Exchequer say what will be the procedure with regard to the Axis satellite States?
§ Mr. DaltonI think the Germans and the Japanese were the two principal criminals in the war. The other people were rather minor offenders, and hold rather minor stakes. I think these two cases will cover the point.
§ 50. Colonel Crosthwaite-Eyreasked the Chancellor of the Exchequer if he will state the policy of His Majesty's Government in regard to the continuance of the Bank for International Settlements.
§ Mr. DaltonI have been in consultation with the United States Government on this question, but have no further statement to make at present.