§ 61. Sir Frank Sandersonasked the Chancellor of the Exchequer whether, in view of the importance of conserving our remaining overseas investments, he will make it clear to all foreign debtors of this country that he adheres to the principle of the sanctity of contracts; and what steps he is taking to protect these investments.
§ 63. Sir W. Smithersasked the Chancellor of the Exchequer whether, in view of the fact that British holders of foreign bonds include millions of small investors, he will make a statement on the steps His Majesty's Government proposes to protect their interests and to protect and increase these invisible exports.
§ Mr. DaltonAll steps, which are appropriate to each particular case, will be taken to protect our overseas investments.
§ Sir F. SandersonIs the Chancellor aware that prior to the war this country received free food and raw materials to the extent of £200 million a year because of British owned investments abroad? Does he not therefore consider that is good reason why every possible measure should be taken to conserve the interests of British investors abroad?
§ Mr. DaltonThere is another Question on that point.
§ Sir W. SmithersDoes not the Chancellor realise that one of his principal duties is to protect the British investor, not only in the investor's interest but in the national interest?
§ Lieut.-Colonel KingsmillWill the Chancellor. bear this in mind in relation to Japanese bonds?
§ Mr. DaltonThere is another Question on the Order Paper on that point.