HC Deb 08 July 1966 vol 731 cc125-6W

7. Investment trusts, insurance companies and other institutional investors are asked to adhere to the Voluntary Programme by keeping in mind the need for parallel restraint in their purchases of overseas securities. While no interference is intended with day to day management of portfolios, the aim is that for the time being there should be no net increase over a period in their present total holdings of overseas securities other than those of the less developed countries in the Sterling Area.