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Bank Amalgamations (Committee)

Volume 103: debated on Tuesday 5 March 1918

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asked the Chancellor of the Exchequer whether he is in a position to announce the names and terms of reference of the Committee which is being appointed to inquire into the question of bank amalgamations?

As I have already announced, Lord Colwyn has consented to act as Chairman of this Committee. The other members will be:

  • Lord Cunliffe,
  • The hon. Member for the Epsom Division,
  • The Hon. Rupert Beckett,
  • The Hon. Herbert Gibbs,
  • Sir Arthur Haworth, Bart.,
  • Mr. E. Manville,
  • Mr. H. McGowan,
  • Sir John Purcell, K.C.B.,
  • Mr. John Rae.
  • Mr. Douglas Vickers.
  • Sir Richard V. Vassar-Smith, Bart.
The terms of reference are, "To consider and report to what extent, if at all, amalgamations between banks may affect prejudicially the interests of the industrial and mercantile community, and whether it is desirable that legislation should be introduced to prohibit such amalgamations or to provide safeguards under which they might continue to be permitted."