HC Deb 08 December 1949 vol 470 c169W
59. Air-Commodore Harvey

asked the Chancellor of the Exchequer if he will make arrangements for keeping a record of the amount of American capital invested in British industry; and if he will make such information available.

Mr. Jay:

Such arrangements would involve legislation compelling those who receive foreign exchange, or sterling from non-resident account, to declare why the money has been paid to them. My right hon. and learned Friend is not prepared at present to ask for such powers; though he will bear the hon. and gallant Member's suggestion in mind in connection with any future legislation on this matter.