§ Mr. BurnsTo ask the Chancellor of the Exchequer if he will make a statement on the outcome of the court case involving the Cheltenham and Gloucester building society and the Building Societies Commission.
§ Mr. NelsonThe High Court is currently considering whether the details of Lloyds bank's scheme to take over the Cheltenham and Gloucester building society—including the payment of cash to Cheltenham and Gloucester members of less than two years standing—are in conformity with the Building Societies Act 1986. It would be inappropriate for me to comment further on those issues until the Court has reached a decision.