HC Deb 19 May 1915 vol 71 cc2336-7
96. Mr. SNOWDEN

asked the Chancellor of the Exchequer whether the Treasury Committee have received an application from Messrs. Spillers and Bakers, millers, to allow a fresh issue of capital of £500,000; and whether, in view of the war profits already made by this firm coincidentally with the rise in the price of bread, he will make it a condition of consent to their application that the profits on the new capital shall be on a sliding scale, varying inversely with the price of bread in the principal towns of the country, any surplus to be paid into the Exchequer?

Mr. LLOYD GEORGE

An application has been received from Messrs. Spillers and Bakers for approval of a fresh issue of capital and has so far not been allowed.