HC Deb 26 March 1946 vol 421 c211
55. Colonel Crosthwaite-Eyre

asked the Chancellor of the Exchequer how many applications have been received by his Department from British businesses for permits to finance the reconversion or development of their Canadian branches or subsidiaries; what is the total sum represented by these requests, in how many cases have permits been issued; and what is the total sum involved through permits so far issued.

Mr. Dalton

Of 37 applications since March, 1945, totalling 27 million Canadian dollars, 30 have been approved, totalling 18 million dollars. These figures cover new enterprises as well as reconversion and development of existing concerns, but exclude developments financed from current Canadian profits.

Colonel Crosthwaite-Eyre

Could the Chancellor give us an assurance that this policy will be pursued, in view of the competition from American firms setting up in Canada at present in competition with our own interests there?