§ 64. Mr. GOULDasked the Chancellor of the Exchequer whether he is aware that delay, expense, and frequent hardship is entailed on small traders and others by the necessity of obtaining sanction from the Treasury Committee to small private issues of capital; and whether, having regard to the fact that in the United States of America capital issues not exceeding $100,000 are subject to no control, he could recommend a modification of Regulation 30 f under the Defence of the Realm Regulations so that it should not apply to issues of capital by private companies which involve £20,000 or under?
§ Mr. BALDWINMy right hon. Friend has considered whether small issues might be exempted from the operation of the Regulation altogether, but in view of the possibility of repeated issues by the same company he does not think it would be safe to give an absolute exemption. He trusts, however, that the new arrangements will enable applications of such a character to be dealt with speedily and without expense to the applicants.
§ Sir E. CARSONCould not the hon. Gentleman have a provision made to prevent repeated issues by the one company, and allow it to these small people with a limit of, say, once a year?
§ Mr. BALDWINI think that is quite possible, and it shall be borne in mind.