BRITISH FINANCE
NEW ISSUES OF CAPITAL- MUST WAIT EXPLANATION BY MINISTER ("British Official Wir-ele-s.-, RUGBY, May 18. In a- notice issued- on January 13, the Chancellor of the Exchequer, Air Neville Chamberlain, in withdrawing tho earlier and more comprehensive request in regard to new issues of capital, asked intending borrowers to refrain for the present from coming on the market, inter alia, for foreign issues.
Air Chamberlain did not attempt at that time to define precisely the scope of tho term “issue’’ which was used by him, and lie now finds it necessary to make a further explanation. For the present, he thinks it would not be in the public interest that large blocks of securities, including securities dealt in on the London changs, should be purchased from foreign holders with a view to their sale in this country, either by issue to the public or otherwise.
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Bibliographic details
Gisborne Times, Volume LXXIII, Issue 11949, 20 May 1933, Page 5
Word Count
147BRITISH FINANCE Gisborne Times, Volume LXXIII, Issue 11949, 20 May 1933, Page 5
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