HC Deb 15 December 1927 vol 211 cc2493-4
42. Colonel WOODCOCK

asked the Chancellor of the Exchequer the total amount of foreign loans raised in the country since 1st January, 1927, and the total amount of loans raised during the same period for the Colonies and Dominions?

Mr. CHURCHILL

There are no official returns of capital issues. Those compiled by the Midland Bank (which are reproduced in the Board of Trade Journal) show, for the 11 months, January to November, 1927, £50,260,000 for foreign countries and £75,664,000 for British Colonies and Dominions and India. These totals are not confined to fixed interest-bearing loans, but include issues of shares, etc. They exclude conversions and similar transactions.

Colonel WOODCOCK

Have the Treasury adequate control regarding issues outside of this country?

Mr. CHURCHILL

No. We have no control at all in this matter.