Part of the debate – in the House of Commons at 10:02 pm on 24 July 1990.
Mr Anthony Nelson
, Chichester
10:02,
24 July 1990
The organisation is termed a bank, yet it is apparent from the documents that a significant proportion of the moneys may be applied to equity investment. Can my right hon. Friend explain why it is necessary to devote funds for risk capital being put up by the nation states? I am wholly in favour of the concept of a bank and if I catch your eye, Mr. Deputy Speaker, I shall seek to argue for that. But I cannot quite see why the bank needs to be investing in risk capital and equity participation.
The Deputy speaker is in charge of proceedings of the House of Commons in the absence of the Speaker.
The deputy speaker's formal title is Chairman of Ways and Means, one of whose functions is to preside over the House of Commons when it is in a Committee of the Whole House.
The deputy speaker also presides over the Budget.
