§ Mr. George Howarth
To ask the Secretary of State for Trade and Industry what investigations are currently taking place on the activities of Consolidated Sterling Deposits; and if he will make a statement.
§ Mr. Redwood
Consolidated sterling deposits is based in the United States of America and appears to be outside the scope of my Department's investigatory powers. My Department understands that there have been investments in this fund through the medium of Hamilton House Associates Limited, a United Kingdom investment company which was suspended by Fimbra in January 1990.