§ Mr. Cantasked the Chancellor of the Exchequer what conditions must be fulfilled under his regulations by United States banking corporations seeking to establish branches in this country.
§ Mr. Harold LeverThere are no Treasury regulations which limit the establishment of such branches, although of course their operations—like those of any bank in the United Kingdom—are fully subject to the requirements of the Exchange Control Act. I would also refer the hon. Member to the Answer given by the Minister of State, Board of Trade, on 22nd May.—[Vol. 765, c. 87.]