HC Deb 09 November 1933 vol 281 cc320-1
65. Mr. LEWIS

asked the Chancellor of the Exchequer when the existing restrictions on certain specified types of new capital issues will be withdrawn?

Mr. CHAMBERLAIN

This question is under constant review, but I am unable to make any further statement at present.

Mr. LEWIS

Does the right hon. Gentleman realise that under present regulations a foreign borrower cannot raise a. loan in this country even if the proceeds are to be spent here; and does he appreciate the fact that such loans do much good to our export trade?

Mr. CHAMBERLAIN

The hon. Member will remember a case in which the embargo was raised, the circumstances being similar to those which he has described.

Sir A. M. SAMUEL

Will the right hon. Gentleman also bear in mind that the British investing public has lost millions of pounds because of the defaults on foreign loans?