(S (S (BASENP (NNP Major)) (VP (VBD said) (SBAR (IN that) (S (NP (EX there)) (VP (VP (MD wo) (RB n't)) (VP (VB be) (NP (BASENP (DT a) (NN currency) (NN union)) (PP (IN between) (NP (BASENP (DT a) (ADJP (RB newly) (JJ independent)) (NNP Scotland)) (CC and) (BASENP (DT a) (JJ post-split) (NNP United) (NNP Kingdom))))))))))) (COLON :) (QTL (DQL ``) (QTC (S (NP (BASENP (DT A) (NN currency) (NN union)) (PRN (COMMA ,) (SBAR (WHNP (WDT which)) (S (NP (BASENP (DT the) (NNP SNP)) (PRN (LRB [) (BASENP (NNP Scottish) (NNP National) (NNP Party)) (RRB ]))) (VP (VBP assume) (SBAR (S (VP (VBZ is) (ADJP (JJ negotiable)))))))) (COMMA ,))) (VP (MD would) (VP (VB require) (S (BASENP (DT the) (NNP UK)) (VP (TO to) (VP (VB underwrite) (BASENP (JJ Scottish) (NNS debts)))))))) (PERIOD .))))