HC Deb 14 July 1988 vol 137 cc320-1W
Mr. Teddy Taylor

To ask the Chancellor of the Exchequer what information he has on whether the Bank of England has recently authorised Harrods Trust to extend its banking activities, and as to where the ultimate control of the trust resides; and if he will make a statement.

Mr. Lilley

[holding answer 11 July 1988]: Harrods Trust Limited is authorised under the Banking Act 1987. The Bank of England has a statutory duty to supervise all institutions authorised under the Act. That supervisory relationship is subject to Banking Act confidentiality and therefore it would not be appropriate for me to comment on this particular institution. The ultimate holding company of Harrods Trust and the registered and beneficial owners of the issued share capital of that company, are set out in the latest audited accounts submitted to Companies House.

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