HC Deb 20 March 1945 vol 409 cc632-4
47. Sir Geoffrey Mander

asked the Chancellor of the Exchequer if he will state the total sum involved and the number of applications made to the Capital Issues Committee in cases that were approved and not approved, respectively.

Sir J. Anderson

With my hon. Friend's permission, I will circulate a statement in the OFFICIAL REPORT.

Following is the statement:

The table below gives approximate figures of the number and value of applications dealt with in the period from the institution of the control over capital issues at the outbreak of war to 31st January, 1945.
New Projects. Conversions, Replacements, Renewals, Postponements, etc. Grand Totals.
Allowed. Refused. Totals. Allowed. Refused. Totals. Allowed. Refused. Totals.
Nos. £000s. Nos. £000s. Nos. £000s. Nos. £000s. Nos. £000s. Nos. £000s. Nos. £000s. Nos. £000s. Nos. £000s.
8,670 241,980 345 31,344 9,015 273,324 3.683 599,332 330 38,191 4,013 637,523 12,353 841,312 675 69,535 13,028 910,847
NOTES.—(i) The totals include applications by Dominion and Colonial Governments, quasi-Government bodies, and local authorities, amounting to £207,000,000 of which 98 per cent. Were approved.
(ii) As the table shows some 65 per cent. of applications dealt with and over 70 per cent. of applications approved, were in respect of conversions, etc. of existing securities.
(iii) The table only gives the results of applications actually made. It does not record enquiries which resulted in applications being abandoned or postponed. Moreover, the existence of the capital issues control has by itself restricted the volume of applications.