Foreign Investors.

Oral Answers to Questions — War Loan Conversion. – in the House of Commons on 7th July 1932.

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Photo of Major Abraham Lyons Major Abraham Lyons , Leicester East

34.

asked the Chancellor of the Exchequer the approximate amount of War Loan held by foreign investors?

Photo of Mr Walter Elliot Mr Walter Elliot , Glasgow Kelvingrove

I regret that exact information is not available, but from such indications as exist it seems that the total foreign holdings (excluding holdings in the British Empire) do not exceed £100 millions and may be as low as in the neighbourhood of £50 millions only.

Photo of Major Abraham Lyons Major Abraham Lyons , Leicester East

While thanking my right hon. and gallant Friend for that answer, I would ask whether he is satisfied that the response of these holders to the conversion scheme is wholly satisfactory?

Photo of Mr Walter Elliot Mr Walter Elliot , Glasgow Kelvingrove

I think these are early days yet to say that, but the figures I have given as to the amount show that the response will not affect the success of the scheme one way or another.

Photo of Sir Percy Harris Sir Percy Harris , Bethnal Green South West

Will the right hon. Gentleman consider publishing a special circular suitable for foreign investors?

Photo of Mr Walter Elliot Mr Walter Elliot , Glasgow Kelvingrove

I will have to consider that suggestion.