HC Deb 04 December 1930 vol 245 cc2388-9
72. Mr. WARDLAW-MILNE

asked the Chancellor of the Exchequer whether he will seek legislative power by suitable amendment of the Colonial Stock Act, 1900, to refuse admission of securities to the Treasury trustee list of securities?

The CHANCELLOR of the EXCHEQUER (Mr. Philip Snowden)

I would refer the hon. Member to the replies which I gave on this subject to the hon. Member for Farnham (Mr. A. M. Samuel) on 11th November, and to the hon. Member for Wolverhampton East (Mr. Mander) on 2nd December.

Mr. WARDLAW-MILNE

Is the right hon. Gentleman aware that a grave anomaly exists and does he not think that some action ought to be taken?

Mr. SNOWDEN

I have already said that I do not think any action is called for.

Mr. A. M. SAMUEL

Is the right hon. Gentleman aware that the admission of securities to the Treasury trustee list implies a tacit recommendation to trustees to purchase those securities?

Lieut. - Commander KENWORTHY

Has the right hon. Gentleman noticed this new anti-Imperialist policy?