§ Mr. Arnoldasked the Chancellor of the Exchequer (1) what information he has as to whether any changes in shareholdings in the Bank for International Settlements are in prospect;
(2) pursuant to the answer of 26 April, if he will list the holders of the issued shares of the Bank for International Settlements; what is the size of each shareholding; and if he will list all the changes in shareholdings since May 1979.
§ Mr. Bruce-GardyneThe Bank for International Settlements is a company registered in Switzerland. I have no further details of present shareholdings or of past or prospective changes. Ownership of BIS shares does not automatically confer voting or representative rights. These rights may in general only be exercised by the central banks of the 29, mainly European, countries in which the shares have been subscribed.