§ Mr. Riley
asked the Secretary of State for the Colonies whether it is a recognised policy of our Colonial Governments to float internal loans which would provide an outlet for local savings and surplus 549W capital which could be utilised for internal Colonial development instead of being invested in this country or elsewhere.
§ Colonel Stanley
Yes, Sir. It is a policy which has been put into practice in some places and which will, I hope, be adopted in others as circumstances permit.