Danish Loan.

Oral Answers to Questions — Post Office. – in the House of Commons on 1st May 1933.

Alert me about debates like this

Photo of Mr Gordon Hall Caine Mr Gordon Hall Caine , Dorset Eastern

53.

asked the Financial Secretary to the Treasury in what circumstances consent was given to the issue of the 4½ per cent. Danish loan on the 21st instant while the general restriction on foreign issues remains?

Photo of Mr Leslie Hore-Belisha Mr Leslie Hore-Belisha , Plymouth, Devonport

This arrangement was associated with the commercial negotiations between this country and Denmark. It was in these circumstances that my right hon. Friend waived in this instance his request regarding foreign issues. The proceeds of the loan are to be applied to the purchase of goods produced in this country.

Photo of Mr Gordon Hall Caine Mr Gordon Hall Caine , Dorset Eastern

Would it not be a good idea to let other foreign countries know that they can raise loans here on the same terms?