§ Mr. Denzil Davies
asked the Chancellor of the Exchequer when it is proposed to activate the deposit protection scheme as provided by the Banking Act 1979.
§ Mr. Lawson
It is intended that the deposit protection scheme will be brought into operation once the bulk of applica-514W tions for deposit-taking authority have been dealt with by the Bank of England. I hope that this will be before the Summer Recess.