HC Deb 02 July 1941 vol 372 cc1363-4W
Mr. Banfield

asked 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 Crookshank

The present rule of the committee of the London Stock Exchange that all dealings must be for 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.