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Mr. Austin Mitchell
To ask the Chancellor of the Exchequer whether he will make a statement on the affairs of the Town and Country building society.
Mr. Maples
The Woolwich building society issued a press release on 19 November stating that the board of the Town and Country building society had agreed to recommend to its members a transfer of the society's engagements to the Woolwich building society and that arrangements for the transfer, subject to audit and to regulatory and other relevant requirements, were accordingly proceeding.