§ 53. Colonel GRETTON
asked the Chancellor of the Exchequer whether any decision has been reached on the recommendations in the Bankers' Report on the liquidation of the German banks; and, if so, will he state what that decision is?
§ Mr. BONAR LAW
The Government have most carefully considered the report of Mr. Vassar Smith and Mr. Walter Leaf with regard to the progress made towards bringing the operations of these banks to a conclusion, and have noted the opinion expressed by these gentlemen that it would not be in the public interest for Sir William Plender to relinquish his office as controller. The Government fully concur in this view, and would much regret any change in present arrangements which would deprive them of his knowledge and experience.