§ Sir C. COBBasked the Chancellor of the Exchequer whether, in view of the losses to British investors in foreign 822W securities floated in London, as disclosed by the latest report of the Council of Foreign Bondholders, he will draw the attention of the Foreign Issues Committee to the desirability of discouraging, not only the flotation in London of loans to foreign borrowers, but also the placing on the London market of the papers of foreign commercial, financial, and industrial concerns, of which the Swedish Match Company is an example?
Mr. CHAMBERLAINI see no reason to depart from the view that it should be left to the investor to assess the credit of foreign concerns in such cases, and I do not consider that it would be desirable to amend the instructions given to the Foreign Transactions (Advisory) Committee in the sense which my hon. Friend suggests.