Auction Sales (Payment in Cash)

Oral Answers to Questions — National Finance – in the House of Commons on 10th November 1942.

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Photo of Sir Frank Sanderson Sir Frank Sanderson , Ealing

asked the Chancellor of the Exchequer whether, in regard to the extensive business which is being conducted at auction rooms and sales of precious stones and other articles of value which are paid for in notes, he has caused inquiries to be made among the auctioneers in London and elsewhere with a view to asking them to furnish a list of the names of those who habitually attend such auction sales and consistently purchase valuable goods for which they pay in cash?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

I am afraid I cannot see my way to adopt my hon. Friend's suggestion.

Photo of Sir Frank Sanderson Sir Frank Sanderson , Ealing

Would my right hon. Friend consider applying the same restrictions to the sale in auction rooms of jewellery as are applied to furniture, so that only privately owned jewellery should be allowed to be sold, supported by legal declaration of ownership?

Photo of Sir Kingsley Wood Sir Kingsley Wood , Woolwich West

I will examine that point.