§ 55. Sir J. FERGUSONasked the Financial Secretary to the Treasury whether it is proposed to admit further additions of Australian Government securities to the list of trustee stacks under the Colonial Stock Act, 1900?
§ Mr. PETHICK-LAWRENCEI think the hon. Member misunderstands the position. My right hon. Friend the Chancellor of the Exchequer is not aware that he has any power to refuse admission to the List of Trustee Stocks under the Colonial Stock Act, 1900, of any securities provided the borrowing Government complies with the conditions prescribed under that Act.
§ Sir J. FERGUSONDoes the Chancellor still adhere to the reply that he gave to the hon. Member for Farnham 245 (Mr. A. M. Samuel) the other day, that there was no necessity to review the report of the committee which had revised the list of Treasury trustee securities, notwithstanding the position created by the economic breakdown in Australia at the present moment?
§ Mr. PETHICK-LAWRENCEIf the hon. Member has, as I believe, correctly quoted the answer given by the Chancellor of the Exchequer, no doubt my right hon. Friend stands entirely by his statement made only a few days ago.
§ Mr. A. M. SAMUELDid the question of the continuance of the Colonial Stock Act, 1900, come up for discussion before the Imperial Conference?