HC Deb 08 November 1932 vol 270 c178

asked the Chancellor of the Exchequer whether, now that the last British Government conversion has been accomplished, he can hold out any hopes that British industries may also receive this assistance from cheap money by the removal of the Treasury embargo?


As the right hon. Gentleman knows, the restrictions now apply only to foreign issues and to optional conversions requiring public issues or underwriting. The question of a further relaxation of these restrictions is under consideration, but I am not in a position to make any statement to-day on the subject.