HC Deb 27 November 1957 vol 578 cc131-2W
Mr. Osborne

asked the Chancellor of the Exchequer if he is aware that the advertising abroad for funds by hire-purchase finance corporations contravenes

electricity and water industries; and how this compares with production in the manufacturing, building, and all industries, respectively, over a similar period.

Mr. Birch

The following is the Answer:

his credit-squeeze policy; what changes in the present Control of Borrowing Order he now proposes to stop this undesirable action; and if he will make a further statement following his fresh investigations into this matter.

Mr. P. Thorneycroft

It is not clear to me that borrowing from abroad by hire-purchase finance companies is necessarily undesirable.

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