As announced on 27th October. Lord Cromer will take up this office and that of United Kingdom Executive Director of the International Monetary Fund and of the International Bank for Reconstruction and Development, in January, 1959. Lord Cromer is at present Managing Director of Baring Bros and Co., Ltd., merchant bankers.
§ Mr. Lewis
I thank the Chancellor for that reply, but does not he think it is rather unfair for the noble Lord to continue in private business right up until January—doing business with a firm which, in turn, does business and has financial deals with America, when the noble Lord will take over the job of Economic Minister in America? Should not the noble Lord cease his activities here, or at least wait until he takes up his appointment?
No—and I am certain that Lord Cromer's day-to-day duties will not conflict in any way with the duties that he will perform when he takes up his appointment as Economic Minister. Lord Cromer is not being paid until he takes up his appointment.
§ Sir A. V. Harvey
Is it not unfortunate that a brilliant man, who sacrificed two years of his career in his early forties to help his country, should be attacked in this way by the hon. Member opposite?
In reply to my hon. Friend, I take this opportunity of saying that I think that Lord Cromer is particularly well qualified for the duties that he is being asked to perform.