HC Deb 15 November 1932 vol 270 c923
48. Mr. LEWIS

asked the Chancellor of the Exchequer if he has any further statement to make as to the restrictions at present in force with regard to invitations to the public to subscribe to new issues of capital?

The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)

There is no intention at present of relaxing the restriction on foreign issues. As regards optional conversions, this matter is under consideration, but I am not yet in a position to make a statement.


Now that the Government have so successfully completed their conversion operations, will the right hon. Gentleman leave the question of the further issues of capital to the good sense of those concerned?


Is my right hon. Friend yet in a position to consider the setting up of machinery to direct the flow of this capital into the directions which should be most useful to the nation?


No, sir.