§ Mr. Arnold
asked the Secretary of State for Industry whether the Post Office has applied for clearing bank status for the Giro system; and if he will make a statement.
§ Mr. Michael Marshall
This is a matter for the Post Office, but I understand that National Girobank has been discussing with the Committee of London Clearing Bankers the possibility of joining the clearing house, and these discussions are nearing a conclusion. However, no decision has yet been taken by the Post Office.