§ Official Report, 2 May 1985, Written Answers, columns 245 and 246, delete all under the heading "Johnson Matthey Bankers" and insert instead thereof:
§ Mr. Blairasked the Chancellor of the Exchequer if, pursuant to the answer of the Economic Secretary on 25 April, Official Report, column 974, he will list the lending of Johnson Matthey which was there described as extremely unwise and imprudent lending; and if he will make a statement.
§ Mr. Ian StewartNo. It would not be proper for me to reveal details of the affairs of JMB's customers.
§ Mr. Blairasked the Chancellor of the Exchequer whether the inquiries by the Bank of England into Johnson Matthey Bankers have revealed departures from normal prudent banking practice.
§ Mr. Ian StewartYes.
§ Mr. Blairasked the Chancellor of the Exchequer (1) what action the Bank of England took prior to the collapse of Johnson Matthey Bankers in pursuance of its duty to supervise the banking system;
(2) whether the review of the arrangements for banking supervision will comment on the justification of the Bank of England's takeover of Johnson Matthey Bankers; and if he will make a statement;
(3) whether the review of banking supervision will deal with the monitoring by the Bank of England's banking supervision department of Johnson Matthey prior to its collapse and the steps it took prior to the collapse to identify and seek to correct Johnson Matthey Banker's difficulties.
§ Mr. Ian Stewart[pursuant to his reply, 29 April 1985, c. 65]: My right hon. Friend will make a full statement when he has received and considered the report of the review of banking supervision and has nothing further to add at this stage.