§ 47. Sir David Priceasked the Chancellor of the Exchequer what are the effects of the emerging Polish bankruptcy upon the Western banking system and upon United Kingdom banks in particular.
§ Mr. Bruce-GardyneClaims on Poland amount to 1 to 2 per cent. of all international loans. While loan loss experience has on the whole been better with international than with domestic business, banks do make some provisions for bad debts. Consequently Poland's financial difficulties are not likely to have a significant effect on the Western banking system on United Kingdom banks in particular.