§ Mr. L. SMITHasked the Chancellor of the Exchequer whether the Treasury at the present time is still enforcing any control over the raising of capital for foreign borrowers on the London market; and whether he will consider relaxing the restrictions in exchange for definite undertakings, wherever possible, on the part of the borrowers to expend as much money as possible in this country?
§ Mr. HORE-BELISHAThe position remains as indicated in the requests of my right hon. Friend published on 14th January and 17th May, 1933. As regards the second part of the question, I would refer my hon. Friend to the reply given to hon. Members for Colchester (Mr. Lewis) and Huddersfield (Mr. Mabane) on 10th April.