HC Deb 17 February 1930 vol 235 cc894-5
7. Earl WINTERTON

asked the Secretary of State for India if any figures are available in regard to the imports into and exports of private capital from British India; and, if so, if he will state what is the aggregate sum of each amount, respectively, for the period 1st July to 31st December, 1929, inclusive?

Mr. BENN

There are no such figures in existence and no means are available by which they could be estimated with any reasonable claim to accuracy. I regret, therefore, that I cannot give the Noble Lord the information for which he asks.

Earl WINTERTON

Is there any truth in the reports that there has been undue export of capital from India within the last few months? Has the right hon. Gentleman any information which deals with that matter?

Mr. BENN

The Noble Lord knows that it is a complicated and difficult and obscure subject, and perhaps I had better leave it with the answer that I have given.

Mr. WARDLAW-MILNE

Has it not been reported to the right hon. Gentleman as the case that since his statement in this country regarding Indian loans this export of capital has largely stopped?

Mr. BENN

I am glad to say that for many weeks past Indian credit has steadily improved.