§ Mr. VazTo ask the Secretary of State for Foreign and Commonwealth Affairs what consideration he has given to the Abu Dhabi Government's proposals for the settlement of the Bank of Credit and Commerce International issue; and if he will make a statement.
§ Mr. Douglas HoggThe Government recognise the difficulties and hardship the BCCI crisis has created for depositors. The Government have stated that they would like to see the depositors get back as much of their money as possible. We have repeatedly made it clear that the Government are not a party to the proposed settlement. It is for the creditors and courts to judge the merits of the proposals put forward by the liquidators and majority shareholders.