§ 54. Mr. Craven-Ellis
asked the Chancellor of the Exchequer whether his attention has been drawn to the catastrophic decline in industrial shares during the month of June last; and, in view of the loss to the Treasury through Stamp and Estate Duties, what action does he propose to take?
§ Sir K. Wood
I would refer my hon. Friend to the answer I gave on 4th July to my hon. Friend the Member for St. Pancras, South West (Sir G. Mitcheson). The upward movement to which I referred has continued.
§ Mr. Craven-Ellis
Is it correct that the big insurance companies and other large investors were instructed to keep out of the equity market prior to the National War Loans issue?