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Savoy Hotel Stock (Purchase)

Volume 531: debated on Tuesday 27 July 1954

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asked the Chancellor of the Exchequer whether, in consenting to the borrowing of money for the purchase of the Savoy Hotel stock controlled by Mr. Harold Samuel, he took account of the market, as opposed to the demand, price of the stock in question.

No. The market quotations of this stock were not relevant to the application for which Treasury consent was given.