HC Deb 25 January 1977 vol 924 c584W
Mr. Frank Allaun

asked the Secretary of State for Foreign and Commonwealth Affairs, in view of the fact that Barclays Bank International has now stated that it cannot press its South African subsidiary company, Barclays South Africa, to refrain from lending money to develop the South African armed forces, despite the recent joint statement between Barclays Bank International and the British Foreign Office in which the former undertook to ensure that such loans as his recent investment of Rand 10 million in South African defence bonds would not be made again, if he will ask Mr. Frank Dolling, the senior general manager of Barclays International, to meet him again without delay.

Mr. Rowlands

The Senior General Manager of Barclays International, Mr. F. Dolling, stated to me that it was the bank's policy to do whatever possible to ensure that such actions as the recent investment in South African Defence Bonds will not recur. I have no reason to doubt Barclays' determination to implement its own policy in this respect. I see no need, therefore, for a further meeting.

Forward to