§ 105. Mr. GRANTasked the Chancellor of the Exchequer whether he is aware that the decisions of the Committee appointed by the Treasury to regulate fresh issues of capital have caused dissatisfaction in the City; and whether he will appoint a tribunal which shall hear the parties making applications and ground their rulings on evidence of the facts and on some principle of equity or policy?
§ Mr. McKENNAI am afraid that it is inevitable that the decisions of a Committee entrusted with these duties must cause dissatisfaction on the part of applicants to whom permission is refused. In view of the very large number of applications which have to be dealt with the procedure suggested in the second part of the question would not be practicable.