HC Deb 30 October 1919 vol 120 cc880-1
71. Sir C. KINLOCH-COOKE

asked the Chancellor of the Exchequer whether, in view of the difficulties attending the launching of another Loan on terms sufficiently attractive to ensure success and of the immediate necessity of raising funds to meet our national liabilities, he will consider the advisability of issuing a lottery loan on lines similar to the loan foreshadowed by the French Government?

Mr. CHAMBERLAIN

I listened with interest to my hon. Friend's speech on this question yesterday and to his suggestion that the subject should be reexamined by a Committee of the present House of Commons. As stated by my hon. Friend, the Committee of the last House, after exhaustive inquiry, reported that they were unable to recommend the adoption of this method of borrowing. If there is a general wish in the present -House to reopen the inquiry, I shall offer no objection.

Mr. MACQUISTEN

Is the right hon. Gentleman prepared to take steps to prevent money going out of the country for the French War Loan in the meantime?

Mr. CHAMBERLAIN

Perhaps the hon. Gentleman will contribute to me the suggestions which he obviously has in mind to prevent that.

Mr. MACQUISTEN

I suggest that the best way is to give similar facilities here.