§ 65. Mr. KELLYasked the Chancellor of the Exchequer whether he is aware that the Argentine Government has legislated to reduce railway earnings to 1¾ per cent.; what amount of British money is invested in such railways; whether any approaches have been made on the matter; what action has been taken; and what effect this action has had on employment?
Mr. CHAMBERLAINThe nominal value of British investments in the Argentine Railways has been estimated at £270,000,000. As regards the remainder of the question, I would refer the hon. Member to the answer given by the Parliamentary Secretary to the Department of Overseas Trade to the hon. Member for Lincoln (Mr. Liddall) on 2nd March, to which I have nothing to add.