§ Sir Alastair GoodladTo ask the Secretary of State for International Development what actions she has taken and what actions she proposes to assist the Montserrat Building Society. [41805]
§ Clare ShortI refer the right hon. Member to the reply given by my hon. Friend the Under-Secretary on 11 May 1998,Official Report, column 21. My right hon. Friend the Foreign Secretary is responsible for co-ordinating HMG's policy in respect of the Montserrat Building Society and other matters.
§ Sir Alastair GoodladTo ask the Secretary of State for International Development what discussions she has had with(a) the Building Societies Association and (b) the Bank of England about the Montserrat Building Society. [41804]
§ Clare ShortNone. HMG's policy towards the Montserrat Building Society is a matter for my right hon. Friend the Foreign Secretary.
The Foreign and Commonwealth Office have been in close contact with the Bank of England. The Bank has offered advice but neither it nor the Building Societies Association has regulatory power in this case.