§ Mr. Sedgemore
asked the Secretary of State for Trade and Industry if he will set up an inquiry into applications for export credit guarantees from customers of Johnson Matthey Bankers from 1981 to the present day.
§ Mr. Channon
No. As my right hon. Friend the Chancellor of the Exchequer informed the House on 17 July, Johnson Matthey Bankers has requested the Commissioner of the City of London police to conduct a preliminary inquiry into certain accounts with the bank which are the subject of large losses. The Export Credits Guarantee Department will co-operate fully with the police in their inquiries.