Mr. A. T. DAVIESasked the Secretary of State for the Colonies whether his attention had been directed to the recent rejection by the Judicial Committee of the Privy Council of the appeal by the Grand Trunk Railway shareholders against the award of he Canadian arbitrators; whether II is Majesty's Government proposes to take any action, in the interests of a large body of British investors, in order that they may be treated fairly and that contracts made publicly shall be made sacred; and whether any communication has been made to the Canadian Government which, without impugning the award of the Canadian arbitrators or the judgment of the Privy Council, is designed to protect such British investors, wholly or partly, from the loss entailed by that judgment?
§ Mr. CHURCHILLThe answer to the first part of the question is in the affirmative, and to the third part in the negative. As to the second part, I would refer to the reply given to my hon. and gallant Friend the Member for Fareham (Sir J. Davidson) on 4th April. 1921.