§ 76. Mr. H. G. Williamsasked the Chancellor of the Exchequer whether he contemplates any modification of the policy of restricting the London money market in respect of issues overseas for foreign countries?
§ Lieut.-Colonel ColvilleI would refer my hon. Friend to the reply which my right hon. Friend gave on 17th June last to my hon. Friend the Member for Lincoln (Mr. Liddall).
Mr. De la BèreWould it not be possible for the London money market to consider lending money to agriculture at 2 per cent., instead of lending to the foreigners?
Mr. AlexanderIs the right hon. and gallant Gentleman aware of the net decrease that is going on year after year in our investments overseas, which is largely affecting the balance of payments?
§ Lieut.-Colonel ColvilleI note the right hon. Gentleman's views, but if he refers to the answer on 17th June last he will see that my right hon. Friend does not contemplate a change of policy.