HC Deb 30 January 1940 vol 356 cc994-5W
Mr. Loftus

asked the Chancellor of the Exchequer (1) whether any steps have been taken to prevent Germany from re- selling in this country German sterling loans repurchased in the years before the outbreak of war;

(2) whether he is aware that there has recently been a certain revival of dealings on the Stock Exchange in the Dawes and Young loans; and whether he is satisfied that no German-owned bonds of these loans have been placed for sale in this country?

Sir J. Simon

Such information as I have does not support the view that there has been a revival of dealings in the Dawes and Young loans. I am satisfied that the prohibitions contained in the Trading with the Enemy Act, along with the requirements of the Stock Exchange and of paying agents of foreign loans, are such as effectively to prevent sales in this country of securities which at the outbreak of war were in enemy ownership.