§ 49. Mr. Pethick-Lawrenceasked the Chancellor of the Exchequer whether he is satisfied with the present powers he has taken to conserve sterling and to prevent leakage through transfers from one foreign holder to another; and whether he contemplates exercising any further forms of control?
§ Sir J. SimonThese powers have been very carefully framed with all relevant considerations in mind, and the matter is kept under constant review.
§ Mr. Pethick-LawrenceWill the right hon. Gentleman bear in mind also that there is considerable complaint among people who know that these transfers from one foreign ownership to another are resulting in persons with capital sums in this country transferring them to people who use them for the purpose of paying for exports?
§ Sir J. SimonI can assure the right hon. Gentleman that both the nature and the size of the problem have been closely observed. There are a number of points that are to be dealt with and, as I have said, all relevant considerations are constantly kept under review.