§ 56. Major BOYD-CARPENTERasked the Chancellor of the Exchequer, in view of the credit facilities obtained by the Dominions and corporations in issuing loans which may be subscribed for by trustees under the Trustee Act and of their increasing requirements, if he will take steps to ensure that the investing public is provided in the prospectuses issued with more detailed information as to the general financial and budgetary position of the borrowers, and that the example set by the Government of New Zealand and the Crown Colonies is one that should be more generally followed?
§ Mr. CHURCHILLI do not think that. I have any power to insist on the publica- 1373 tion by borrowers under the Colonial Stock Acts of detailed information with regard to their budgetary position. But I should certainly welcome the extension of the practice, already adopted in many cases, of giving such information.
§ Sir J. NALLCould conditions be attached to the granting of credit facilities?
§ Mr. CHURCHILLIt is not a question of granting credit facilities, but of the issue of loans.