§ 49. Mr. T. WILLIAMS
asked the President of the Board of Trade how many issues of capital or loans were floated in this country by the Lena Goldfields, Limited, from 1925; what were the conditions of each issue or loan; and what was the total sum subscribed?
§ Dr. BURGIN
Particulars filed at Somerset House do not disclose that there was any public issue during the period named, but shares to a nominal value of £2,833,310 were issued at various dates. Eight per cent. Convertible Ten-year Notes amounting to £750,000 were issued in 1926. I have no information as to the conditions of the issue of the shares or of the notes.
§ Mr. WILLIAMS
Is the hon. Gentleman aware that the £750,000 referred to was dealt with by that great financier Mr. Harman, who is now in gaol for 18 months, and in those circumstances does he still think, particularly in view of the recent alleged German default, that we ought to maintain the position of German debt collectors?
§ Mr. H. WILLIAMS
Are not these losses slight compared with those inflicted on the country in two years of Socialist government?