§ 64. Mr. Jayasked the Chancellor of the Exchequer what is the Government's policy in relation to the purchase of shares of British public companies on the London Stock Exchange by United States or other foreign interests.
§ Mr. ErrollThe Government regard the non-resident holding of such securities as a useful contribution to the finance of industry and as important evidence of international confidence in sterling. Their policy is to welcome dealings by nonresidents on the stock exchanges of the country on as wide and as free a basis as possible.