§ 49. Mr. LIDDALL
asked the Chancellor of the Exchequer whether he will request the Committee on Oversea Issues to consider the advisability of making it a condition of issue, in order to balance any proposal to reduce contractual interest by borrowers who do not want to repudiate anything, that future loans intended for addition to the Treasury list of trustee securities under the Colonial Stock Act, 1900, must include a contract to increase interest when money becomes dearer than it was when the borrowers obtained their loan in Britain?
Questions affecting rates of interest are not within the purview of the Foreign Transactions (Advisory) Committee.
§ Mr. LIDDALL
Will my right hon. Friend see to it that New Zealand are informed that they cannot have it both ways?