HC Deb 20 October 1915 vol 74 cc1809-10W
Sir J. RANDLES

asked the Chancellor of the Exchequer if the Treasury is aware that considerable hardship is being experienced by British citizens on returning to this country on furlough or to join the Army, etc., after residing in India or the Colonies, by the physical possession provision in the Stock Exchange Temporary Regulations, whereby they are prevented from realising money by the sale of securities held by them while abroad; and, if so, will he consider the advisability of relaxing this provision in such cases without impairing its efficiency in regard to alien enemies?

Mr. McKENNA

The position of persons resident in British Possessions who have returned to this country has already received consideration, and the committees of the Stock Exchanges have been given a discretion in such cases to allow sales of securities which have been in physical possession within British Possessions since the outbreak of war where the amount is small and the committee is satisfied that hardship would result if the dispensation were not granted. I am afraid it would not be in the national interest to allow a relaxation, beyond these limits, of the rule requiring physical possession in the United Kingdom.