54. Mr. MACLEANasked the Chancellor of the Exchequer whether any steps are being considered, or have been decided upon, to prohibit any foreign loans being raised in Britain where the purpose of such loan is to enable the foreign country interested using such loan in competitive export industry with the export industries of Britain?
§ Mr. P. SNOWDENThis is a matter of very great complexity, and it is impossible within the limits of an answer at Question Time even to indicate the many problems which would have to be solved before my hon. Friend's suggestion could be put into force.
Mr. MACLEANCan the Chancellor of the Exchequer hold out any hope to this House that he will go into the matter and have an investigation into this particular question?
§ Mr. SNOWDENI may say that this matter of necessity is constantly engaging the attention of the Treasury.
Commander WILLIAMSCan the right hon. Gentleman give an assurance that at no time is pressure likely to be exercised in the City on this very important matter?
§ Mr. SNOWDENI cannot give any assurance at all either one way or the other.
§ Mr. SPEAKERWe cannot have so many supplementaries to every question on the Paper.