§ 49 and 50. Sir F. Bennettasked the Chancellor of the Exchequer (1) how many successful prosecutions of United Kingdom residents, other than those currently authorised to operate in foreign exchange markets, for speculation in foreign currency there have been during the last five months; and what was the value of the currency concerned in these prosecutions during this period;
(2) how many successful prosecutions for currency speculation by United Kingdom citizens or institutions authorised to operate in foreign exchange markets have taken place during the last five months.
§ Mr. Harold LeverDuring the last five months, 27 people have been prosecuted under the Exchange Control Act, all of them successfully. None of them was an authorised dealer but one was an authorised depositary. I do not think that the subject of any of the charges could strictly be regarded as currency speculation.