§ 49. Sir NICHOLAS GRATTAN-DOYLEasked the Chancellor of the Exchequer whether, in view of the treatment by local and national authorities inflicted upon British investments in Brazil, Argentina, China, Germany, Greece, Rumania and other foreign countries, instances of which have been brought to the notice of this House, he will remind would-be foreign borrowers of this grievance before there is any relaxation of the embargo on the issue in England of foreign loans?
Mr. CHAMBERLAINI think that foreign countries are already fully aware that they cannot expect to borrow in this market on acceptable terms unless their local and national authorities accord reasonable treatment to British interests. I would add that, as I informed the hon. Member for East Edinburgh (Mr. D. M. Mason) on the 1st November, I see no immediate prospect of a change in the existing position as regards the issue of foreign loans here.