§ Dr. Glynasked the Chancellor of the Exchequer, pursuant to the Financial Secretary's reply to the hon. Member for Windsor and Maidenhead, Official Report, 2 June, col. 528, how such powers relate to instructions to the Bank concerning compensation to the shareholders of Burmah Oil.
§ Sir Geoffrey HoweI refer my hon. Friend to my reply of 16 May to the right 31W hon. Member for Heywood and Royton (Mr. Barnett)—[Vol 984, c. 670–71]—and to my reply of 3 June to my hon. Friend for Southend, East (Mr. Taylor)—[Vol. 984, c. 650–51]. Since the Government would not consider it proper to intervene, it follows that the question of giving a direction to the Bank under the Bank of England Act 1946 does not arise.