HC Deb 24 June 1937 vol 325 cc1372-3
54. Mr. Liddall

asked the Chancellor of the Exchequer whether he will request the Advisory Committee on New Issues to compile, with the help of the Council of Foreign Bondholders, and publish in the OFFICIAL REPORT, as a warning to British investors and as a reason for not relaxing the restrictions on foreign lendings, a list of the flotations in London since January, 1919, of paper securities of foreign public authorities and internal enterprises in foreign countries and loans recommended by the experts of the League of Nations, showing the income received annually on each investment since 1920 and the names of the flotation houses responsible for the respective prospectuses under which the securities were issued to the public?

Sir J. Simon

Information on these matters is published in the annual reports of the Council of Foreign Bondholders and of the League Loans Committee, and I do not consider that the procedure suggested by my hon. Friend would serve any useful purpose?

Mr. Boothby

In view of the implications contained in the question, can we have an assurance that the Government are not averse to a revival of foreign trade?

Sir J. Simon

Of course, the House will bear in mind that it is not a function of the Foreign Transactions Advisory Committee to settle the credit worthiness of borrowers.