§ Mr. Cohen
asked the Secretary of State for Trade and Industry what was the nature of the information which his Department received from the Bank of England about the alleged activities of Cazenove and Hill Samuel in setting up with the aid of Barclays and Midland Banks a share buying mechanism in connection with the bid by Turner 641W and Newall for AE, in respect of which the two banks were subsequently indemnified against any loss; and if he will make a statement.
§ Mr. Howard
The information provided to me by the Bank of England is subject to section 19 of the Banking Act 1979. That section forbids the disclosure of information provided under the Act except in certain specified circumstances.