§ Sir H. NIELDasked the Chancellor of the Exchequer whether he will sanction Regulations to admit of the sale on the London Stock Exchange of securities, the property of Allied subjects vouched for by their diplomatic or Consular representatives in this country, to relieve the economic stress experienced by the owners consequent upon the absence in their country of money requisite alike for reconstruction as for the ordinary necessaries of life?
1690W
Mr. CHAMBERLAINSuch transactions are contrary to the Regulations which it has been found necessary to make in order to conserve the liquid capital resources of this country for urgent needs in the United Kingdom arising out of the War. I regret that I am unable to authorise any general exceptions to these Regulations at present. I am, however, prepared to consider applications for licences in cases in which money needed for personal maintenance can be provided only by the sale of securities for which London is the only market and in which special hardship would be involved in the strict application of the rule. Any such applications should be addressed to the Secretary of the Treasury.