§ Dr. Millerasked the Chancellor of the Exchequer what plans he has to indemnify members of the Board of the Reserve Bank of Rhodesia against personal liabilities which might be in- 80W curred by them in discharge of their duties; and whether he will make a statement.
§ Mr. CallaghanI do not foresee any circumstances in which such personal liabilities might arise, but in view of the unusual situation in regard to the Reserve Bank of Rhodesia I have thought it right to authorise the issue to Sir Sydney Caine, Governor of the Reserve Bank, of a letter saying that, subject to the approval of Parliament, the Treasury will indemnify each member of the Board against any personal liability incurred by him in consequence of any act or neglect on his part in the course of discharging in good faith his duties in pursuance of his appointment as a member of the Board.