§ Sir W. de FRECEasked the Financial Secretary to the Treasury whether cases of amalgamations between banks registered outside, but operating within, the United Kingdom come within the purview of the Banks Amalgamation Committee; and, if so, how many such cases were dealt with in 1925?
§ Mr. McNEILLAmalgamations between two banks neither of which is registered in the United Kingdom would not fall within the scope of the AdvisoryCommittee on Bank Amalgamations.
§ Sir W. de FRECEasked the Financial Secretary to the Treasury what steps the Treasury takes to regulate the acquisition controlling interest in one bank by another bank, the effect of which would be to evade the Regulations with regard to the amalgamation of banks?
§ Mr. McNEILLAll cases in which a British bank seeks to acquire a controlling interest in another bank are required to be submitted to the Advisory Committee on Bank Amalgamations. The banks are under voluntary obligation to observe this requirement.