Skip to main content

Charities: Bank Services

Volume 485: debated on Wednesday 17 December 2008

To ask the Chancellor of the Duchy of Lancaster with reference to the answer of 5 November 2008, Official Report, columns 492-3W, on charities: bank services, if he will place in the Library the background information on the charities. (241673)

I am unable to place this information in the Library as the details of the charities affected were given to us in confidence on the basis that they would not be made public. Some organisations have expressed concern about the reputational risk of disclosing information about their investments and I am obliged to respect their confidence. The right hon. Member will be aware that a new charity action group, called Save Our Savings (SOS), has been formed to represent charities that have deposits at risk with Kauthpthing, Singer and Friedlander Limited. The Save Our Savings campaign is led by Cats Protection and Naomi House Children’s Hospice.

To ask the Chancellor of the Duchy of Lancaster with reference to the answer of 5 November 2008, Official Report, columns 492-3W, on charities: bank services, what the names of the 46 charities are. (241674)

I am unable to provide the names of the charities affected as they were given to us in confidence on the basis that they would not be made public. Some organisations have expressed concern about the reputational risk of disclosing information about their investments and I am obliged to respect their confidence. The right hon. Member will be aware that a new charity action group, called Save Our Savings (SOS), has been formed to represent charities that have deposits at risk with Kauthpthing, Singer and Friedlander Limited. The Save Our Savings campaign is led by Cats Protection and Naomi House Children's Hospice.