§ 57. Mr. Emrys Hughesasked the Chancellor of the Exchequer why he approved of the recent capital issue of H. and G. Simonds.
§ Sir S. CrippsConsent to the issue was given following on advice from the Capital Issues Committee who had consulted the Government Departments concerned.
§ Mr. Emrys HughesIs the Chancellor aware that £20 million was subscribed for this brewery company which required only £1 million? Could he not divert this money into more useful channels? If private investment has disappeared, where did this £20 million come from?
§ Sir S. CrippsThe hon. Gentleman will see from the Press this morning that we have to divert these sums to more useful channels.