§ 16. Mr. FIELDasked the President of the Board of Trade whether he is aware that the German Government contemplates putting a tax on all gambling operations in American and foreign securities as listed on the Berlin Bourse, owing to these transactions having increased during the past few years and to their having been a direct cause for the depreciation of industrial and home securities; and whether he will consider the advisability of some similar steps being taken with regard to the London Stock Exchange, with the object of protecting British securities, which have likewise been affected for many years by the international gambling operations in American and foreign securities?
§ The PARLIAMENTARY SECRETARY to the BOARD of TRADE (Mr. J. M. Robertson)I have no information to the effect stated in the first part of the question, and, as at present advised, I should 1310 deprecate action tending to restrict operations in this country in respect of foreign securities.