HC Deb 20 April 1939 vol 346 cc519-20W
Mr. Loftus

asked the Chancellor of the Exchequer whether, in order to facilitate the financing of the armament expenditure, he is proposing to take steps to prevent or control the export of British capital for the purchase of foreign securities?

Sir J. Simon

As the House has been informed on several occasions the purchase of foreign securities for resale is already regulated for the Foreign Transactions Advisory Committee and I am glad of this opportunity of expressing my hope that no such purchases will be made for investment either. I am sure that the good sense of investors will indicate to them that the export of capital at the present time when the requirements for national defence are so great would be deleterious to the national interests.