Schedule to Be Inserted After Schedule 1 to the Trustee Savings Banks Act1969

Part of Orders of the Day — Trustee Savings Banks Bill [Lords] – in the House of Commons at 12:00 am on 8 March 1976.

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Photo of Mr Ian Stewart Mr Ian Stewart , Hitchin 12:00, 8 March 1976

I shall intervene only briefly. I add my good wishes to the Bill.

I want to put the record straight on one or two small matters which occurred on Second Reading. I have been asked by Mr. Catt. the General Manager of the Central Trustee Savings Bank, to point out that the hon. Member for Thornaby (Mr. Wrigglesworth) and my hon. Friend the Member for Hampstead (Mr. Fins-berg) referred to Mr. Catt, the then General Manager of the Trustee Savings Bank … and to the new General Manager of the Central Bank …"—[Official Report, 17th February 1976; Vol. 905, c. 1221–28.] respectively. Mr. Catt has been the General Manager of the Central Trustee Saving Bank since its operations began in May 1973. Therefore, both hon. Members referred to the same person. Mr. Catt is still in his post. I am sure that we all wish him well in the task that lies ahead of him.

The subject on which Mr. Catt was quoted on Second Reading concerned the commercial objectives of the Trustee Savings Banks. Reference was made to an interview which he gave to the Trustee Savings Bank Gazette which was published on 4th October 1974. He has told me that his remarks in that article were specifically designed to describe the future work of the Central Trustee Savings Bank and not the individual Trustee Savings Banks, for which the Central Trustee Savings Bank acts as a clearing house and the provider of other services. It is possible that some of the remarks in the Second Reading debate might be misinterpreted as applying to individual Trustee Savings Banks. Mr. Catt has asked me to say that that was not intended.