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Banking Bill

Perhaps I may add a word to reflect a different point of view. I am a trustee of a charitable trust which had some money on deposit with a firm in London that was controlled by Landsbanki. We have succeeded in preventing this money being transferred against the wishes of our charitable purposes, and that was highly unpopular in Iceland. It is unfortunate that we seem to have a state of affairs in law that is capable of being misrepresented in Iceland but which does not reflect the wishes or intentions of the British Government. I hope that in reviewing this situation we will think about the effect of our actions, however justified they are, when they are misinterpreted abroad. That seems to be at the heart of this difficulty. I venture to mention this problem because I do not think that it has been fully brought out yet in this discussion.