asked (1) the Under-Secretary of State for Foreign Affairs whether British banks desiring to establish branches in the United States have to obtain a licence, are subject to a differential tax on their earnings, and are prohibited from accepting local deposits, while in British Colonies United States banks are treated on the same footing as English banks; (2) the Under-Secretary of State for the Colonies whether American banks are permitted to establish themselves in British colonies on more favourable terms than are extended to British banks in the United States?