§ Mr. Banfieldasked the Chancellor of the Exchequer whether he is aware that speculation in mining shares is now in progress on the Throgmorton Street Stock Exchange; that this is having a detrimental effect upon the general war effort and also militating against the war savings effort; and will he take steps to prevent savings being diverted in this way?
§ Captain CrookshankThe present rule of the committee of the London Stock Exchange that all dealings must be for1364W cash is a deterrent against speculation in mining shares or any other kind of security. I am informed that within the last two months there has been some activity in a few securities of the type referred to by my hon. Friend but a large proportion of the buying orders have, I understand, come from South Africa. In the circumstances, my right hon. Friend does not think that further action is called for.