§ Mr. RedmondTo ask the Chancellor of the Exchequer what is the job specification of the Governor of the Bank of England; and if he will make a statement of his previous experience and professional qualifications.
§ Mr. NelsonThe Bank of England Act 1946 and the Bank's charter provide for the office of Governor. The charter requires the Governor to render his exclusive services to the bank.
The present Governor is a qualified lawyer and has served as a director and chairman of a number of industrial, commercial and financial companies.