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Dominions And Colonies (Investments)

Volume 414: debated on Thursday 25 October 1945

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asked the Chancellor of the Exchequer what measures His Majesty's Government propose to take to stimulate investment in the Dominions and Colonies, with a view to fostering inter-imperial trade and maintaining employment in this country after demobilisation.

I do not think that His Majesty's Government need take steps to stimulate investment in the Dominions and Colonies at present, in order to foster Empire trade or maintain employment. Many of them hold large sterling balances accumulated during the war, which they will wish to spend on British goods and, in addition, are likely to spend considerable sums here in connection with programmes of development, which they are planning. The Colonies will benefit by the provisions of the Colonial Development and Welfare Act, and it is open to those desiring to raise capital for employment in the Dominions and Colonies to apply in the usual way for permission to make issues in this country.