§ 53. Sir W. Smithersasked the Chan cellor of the Exchequer what was the amount of our overseas investments that was sold for the purpose of the conduct of the war; and what is the amount at the latest available date.
§ Mr. Dalton£1,118 million were realised for this purpose. No estimate of the value of the remaining investments can be made at present.
§ Sir W. SmithersIn view of the apparently very heavy reduction in overseas investments, and in view of the fact that the sellers market is coming to an end, and the American loan is coming to an end, would the right hon. Gentleman tell the people that we must export at world competitive prices, or starve?
§ Mr. SpeakerThe Question which was asked dealt with the amount of our overseas investment.