§ Sir C. Osborneasked the Chancellor of the Exchequer if he will publish his latest overseas investments directive to the British Bankers' Association, along with his letter to over 200 companies, asking for the slowing down of the flow of capital from Great Britain to developing sterling countries; and what indications he has received that this voluntary effort is being successful.
§ Mr. CallaghanMy letter was published on 10th May, and the Bank of England guidance to the British Bankers' Association on 6th June. I am sending copies to the hon. Member. I am much encouraged by the response from company chairman to my request for co-38W operation in the Voluntary Programme, which relates to developed countries in the Sterling Area.