UNITED STATES AND CANADIAN SECURITIES.

HC Deb 17 June 1941 vol 372 cc501-2W

Mr. A. Edwards

asked the Chancellor of the Exchequer the amount realised by the Government on all United States and Canadian securities taken over from British holders, and the present market value of these securities; and whether he will consider the formation of a trust company in America to hold securities over which a charge could be given to the American Government when necessary, and thereby avoid realising on securities at a time when market values are rapidly increasing, which involves heavy losses to British holders?

Sir K. Wood

These questions are kept under constant review, but it would not be in the public interest to make any detailed statement.