§ 9. Mr. Jon Owen Jones
To ask the Secretary of State for Wales what talks he has had with the newly merged Chemical-Chase Manhattan bank about its continued presence in Wales. 
§ Mr. Jones
That is a rather disappointing reply, as the Chemical-Chase Manhattan bank is possibly the cornerstone of the financial services initiative in south-east Wales. Were it lost to Wales, the implication would be far worse than a loss of jobs. It has been one of the companies that has helped attract many other companies into Wales and I am disappointed to hear that the Welsh Office has not yet thought fit to discuss whether the bank should stay in Wales or whether the jobs should go to south-east England.
§ Mr. Hague
I fully share the hon. Gentleman's feelings—he need have no question about that. Wales needs and deserves a strong financial services sector. That bank knows that it is extremely welcome in Wales and grant has been paid to it in the past. I have intimated to it that the Welsh Office and I are fully prepared to have discussions with it. I stand ready to discuss things at any time.