HC Deb 27 July 1933 vol 280 c2771
55. Sir H. CROFT

asked the Chancellor of the Exchequer whether, before any authorisation is given to the Iraq Government for the flotation in London of an Iraq loan, guarantees will be obtained that the proceeds of such a loan, so far as it is to be used for the purchase of plant and machinery or any other goods obtainable in Great Britain, will be expended in this country?

Mr. HORE-BELISHA

I would refer my hon. and gallant Friend to the answer which I gave on the 3rd July to the hon. Member for Stockport (Mr. Hammerskley) of which I am sending him a copy

Mr. HANNON

Will my hon. Friend see that it will be part of the policy of the Government to secure when these loans are floated that as far as possible they shall be expended so as to give employment in this country?

Mr. HORE-BELISHA

I think, if my hon. Friend looks at the answer to which I have referred, he will find a satisfactory assurance.