§ 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:633
|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.|
|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.|