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Offshore Banking

Volume 263: debated on Wednesday 19 July 1995

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To ask the Chancellor of the Exchequer what are the different requirements relating to United Kingdom funds in respect of offshore banking in (a) the Mediterranean, (b) the Channel Islands and (c) the West Indies; and if he will make a statement. [30869]

I regret that it has not been possible to provide a substantive answer before the summer recess. I shall write to the hon. Member shortly and place a copy of the letter in the Library.