HC Deb 26 October 1992 vol 212 cc421-2W
Mr. Frank Field

To ask the right hon. Member for Selby, as representing the Church Commissioners, if the Church Commissioners will establish an inquiry into their loss on property speculation; and if he will make a statement.

Mr. Alison

The Archbishop of Canterbury, as Chairman of the Church Commissioners, recently announced that he has:

(1) asked Coopers and Lybrand to examine and report upon (a) the Commissioners' borrowings and (b) the information flow required for the management of their assets; and

(2) appointed a group to consider that report and related matters in the light of recent experience, and to make such recommendations as they think fit to the Commissioners.