HC Deb 24 June 1915 vol 72 cc1324-5
36. Mr. TOUCHE

asked the Chancellor of the Exchequer if he is aware that dissatisfaction prevails amongst members of the Stock Exchange in consequence of the preferential treatment of banks in connection with the issue of the prospectus of the present and the previous War Loan; that the bankers had prospectuses before the brokers; that after a certain hour on the evening of 21st June brokers were told that no more prospectuses were to be issued that night except to bankers, and that the market for the previous War Loan was in some measure prejudiced because a similar course was adopted and brokers were not encouraged and assisted in looking after the subscriptions of their clients; and will he give an assurance that, in any future Government issues, the interests of the Stock Exchange will be duly considered?

Mr. McKENNA

The answer to all parts of the question except the last is in the negative. I have made inquiries and find that there is no foundation for any of the suggestions contained in the question. As regards the last part, I can give the House an assurance that the interests of the Stock Exchange will in future, as heretofore, be duly considered, together with those of all other classes of the community.