49. Mr. Gurney Braithwaiteasked the Chancellor of the Exchequer whether he proposes to take powers to acquire, on a sterling basis, British holdings of foreign securities held directly or through nominees in the event of the outbreak of hostilities?
§ Sir J. SimonI would refer my hon. Friend to the reply given to the hon. Member for Forest of Dean (Mr. Price) on 25th April.
Mr. BraithwaiteDoes not the Chancellor of the Exchequer think that a statement by the Government along the lines suggested in this question would prove a most effective deterrent to foreign investments?