“In making nominations to the Court of Directors of the Bank of England, the Chancellor of the Exchequer must have regard to the importance of ensuring a balanced representation from the nations and regions of the United Kingdom.”— (George Kerevan.)

Brought up, and read the First time.

Question put, That the clause be read a Second time.

The House divided: Ayes 246, Noes 303.

Question accordingly negatived.