HC Deb 18 November 1918 vol 110 cc3193-4
53. Sir HENRY DALZIEL

asked the Prime Minister whether, having regard to the desire of a large number of manufacturing firms to increase their plant, thereby placing themselves in a position to absorb a large amount of labour that will shortly be available, he will consider favourably the modification of the restrictions at present imposed in regard to the issue of new capital?

Mr. BONAR LAW

As stated in the notice issued in the Press this morning, it is not possible to relax restrictions on capital issues at present. The whole question is receiving immediate consideration; but on the grounds suggested by my right hon. Friend as well as others, I think it will be found essential to continue for some time a system of giving priority in the use of available capital, as in other things, to purposes of immediate national importance.