§ Mr. Andrew SmithTo ask the Chancellor of the Exchequer how much Mr. Ernest Stern is to be paid as vice-president of the European bank for reconstruction and development; whether United Kingdom income tax is payable on this salary; and what assessment he has made of the implications of the level of the salary for the vice-president of the European bank for reconstruction and development for the salaries of other senior managers in international institutions.
§ Mr. Nelson[holding answer 5 July 1993]: Mr. Stern has not been appointed as vice-president of the EBRD.