HC Deb 19 November 1957 vol 578 c187
25. Mr. Osborne

asked the Chancellor of the Exchequer if he is aware that a British hire-purchase finance corporation has been advertising abroad for loans at high rates of interest; since this evades the Government's policy of restricting borrowing, what steps he is taking to stop this form of evasion; and if he will make a statement.

Mr. P. Thorneycroft

I would refer my hon. Friend to the Reply that I gave to the right hon. Member for Huyton (Mr. H. Wilson) on the 12th November.

Mr. Osborne

Since 12th November, the City Editor of The Times last Thursday called attention to this rather important problem and suggested steps which might be taken. I wonder whether my right hon. Friend has looked into those suggestions. If not, would he do so and make a statement in the future?

Mr. Thorneycroft

I will certainly look at any suggestions.