London, Apr. 20 Sir John Simon, the Chancellor of the Exchequer, appealed to British investors not to purchase foreign securities when he made a statement in the House of Commons today.
Asked whether the Government proposed to take steps to prevent or control the export of British capital for the purchase of foreign securities, Sir John replied that the purchase of foreign securities for re-sale was already regulated by the Foreign A Transactions Advisory Committee.
He expressed the hope that no such purchases would be made for the purposes of investment.
"I am sure," Sir John added, "that the good sense of investors will indicate to them that the export of capital at present, when requirements for national defence are so great. would be deleteríous to the national interest."—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.