§ Mr. A. Edwards
asked the Chancellor of the Exchequer what steps he proposes to take to safeguard the interests of British owners of American securities surrendered to the Government against losses; and whether he is aware that losses have already been sustained as a result of selling on a rising market?
§ Sir K. Wood
Under the Defence (Finance) Regulations American securities are acquired outright from their owners, who are paid the sterling equivalent of the market price on the date of acquisition. Any profits or loss on subsequent resale is for account of the Treasury and the original owner is not affected thereby.