Results 141–160 of 780 for speaker:Mr Douglas Crawford

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: Hon. Members will have time to make their speeches later The third Scottish bank is the Clydesdale Bank, which is 100 per cent. owned by the Midland Bank. The general manager is a member of the "Scotland is British" campaign. I wonder what he would say if the Midland Bank assumed all the operations, branches and name of the Clydesdale Bank. The present situation is a result of amalgamations...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: The Bank of Scotland is an amalgamation of many more banks than the British Linen Bank. The hon. Member for East Kilbride (Dr. Miller) may not know that the British Linen Bank is now back in business and that it has taken over the merchant banking functions of the Bank of Scotland Finance Company. Until recently there was an agreement with the English banks that they would not open offices...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: All I said was that the headquarters of the company remained in Scotland. I do not think that I need permission to say that because it is a fact.

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: I do not need permission to say that General Accident has contributed to the independent vigour of the community of Perth. I take it for granted that it does. If the hon. Member for Renfrewshire, East (Miss Harvie Anderson) is suggesting that the company would refute my remarks, I do not believe that the management would agree with her. I have not asked permission to say that the company...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: My hon. Friend the Member for Aberdeenshire, East has just made the most interesting remark. The hon. Member for Cathcart would be considered—at a premium. My comments about insurance corm panics apply mutatis mutandis to the Scottish assurance companies. The "Scotland is British" campaign may huff and puff and say that such companies are leaving Scotland, but no one has yet named one...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: The hon. Member for Edinburgh, North (Mr. Fletcher) has refused to name one of the nine assurance companies that plans to leave Scotland. Not all the Scottish life assurance companies are owned by policy holders. The next item on the amendment concerns investment trusts. I asked the hon. Member for Cathcart if he would write to me if he had any problems about this subject. I do not know if...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: I should be grateful for a transcript of Mr. Stout's telephone conversation. I am sure that the hon. Member for Cathcart would be happy to see more and more Scottish investment trust companies moving out of Scotland. The retention of investment trusts as a devolved matter is of importance to Scotland. Control over Scottish financial institutions is important. The Conservative Front Bench...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: No, they are not counted in the calculations, but they are very useful as till money and the hon. Member should note that point. I come to the regulation of interest rates, and credit and currency levels. Last week, because of filibustering, it was impossible to debate SNP amendments that would have allowed the Assembly to borrow funds other than in sterling. Irrespective of what has been...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: The hon. Member for Edinburgh, Pentlands (Mr. Rifkind) is trying to help the Under-Secretary by saying that I lost the election. I shall correct them both. I did not stand for the election, and Mrs. Margo McDonald is not the vice-president of the SNP. Otherwise, the Under-Secretary is 100 per cent. correct. If I may anticipate the criticisms that will be made of our amendment during this...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: We do not have any policy about banks coming into London, because we do not believe that we shall ever be in a position to legislate about what happens in London. If the hon. Gentleman reads the SNP monetary policy, he will discover that we are quite happy for banks to come in provided that they observe the commercial laws of the day and have regard to the social policies of an independent...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: If the hon. Gentleman reads the SNP monetary policy, he will discover that it is actually 86 per cent. He will be aware that the Bank of England insists that the clearing banks in the United Kingdom are 90 per cent. owned. We are being slightly more liberal.

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: I should be glad to sell some of the shares to the hon. Gentleman. If these functions come under the Scottish Assembly as a devolved matter, it will save a lot of cost, travel and business hassles. Business men and financial people, instead of trailing to Government Departments in London, will enjoy a dialogue with representatives in the Royal High School and St. Andrew's House. I realise...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: Has a Standard Life representative made any comment about the difficulties or otherwise of operating in North America?

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: I did not welcome or oppose the opening of a branch of Lloyds in Scotland. I welcomed the comments of its chairman, who said on the opening of the branch that Scottish independence would be more likely to lead to increased investment than to the withdrawal of industry. That is what I welcomed.

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: indicated assent.

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: Perhaps I may read from the agreed policy of the SNP on this matter. The published document says: Holders of existing long-term policies"— this refers to life insurance companies— with underwriters continuing in business in Scotland should be given a period to decide in which currency claims and future premiums are payable.… Generally, the growing strength of the £ Scots will encourage...

Schedule 10: GROUP 1A (Finance) (17 Jan 1978)

Mr Douglas Crawford: Does the hon. Member not think it scandalous that British Railways' pension fund, having taken over a Scottish investment trust, is now investing some of the money earned by that trust in antiques rather than using it to create jobs in Scotland, which might have happened otherwise?

Orders of the Day — Scotland Bill: Scottish Consolidated Fund and Loans Fund (10 Jan 1978)

Mr Douglas Crawford: The hon. Member will prob- ably agree that the percentage attendance of the Scottish National Party just now is considerably higher than the percent age attendance of his own party or that of the Government party.

Orders of the Day — Scotland Bill: Scottish Consolidated Fund and Loans Fund (10 Jan 1978)

Mr Douglas Crawford: The hon. Gentleman is worried.


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