HC Deb 29 March 1939 vol 345 cc2045-6
63. Lieut.-Commander Fletcher

asked the Chancellor of the Exchequer whether he proposes to extend the embargo on transfers out of Czecho-Slovakian bank balances to cover sales of Czecho-Slovakian bonds on foreign account?

The Financial Secretary to the Treasury (Captain Euan Wallace)

This suggestion has been considered, but in view of the complications and delays necessarily involved by any measure of this kind, it was decided not to adopt it.

Lieut.-Commander Fletcher

May I ask the right hon. Gentleman whether the possibility has been considered of the German Government coming into the possession of British currency through transactions in these bonds?

Captain Wallace

Yes, Sir, that has been considered, but for the reasons I have stated, it was decided not to adopt them.