Capital Issues Committee (Hansard, 31 March 1955)

HC Deb 31 March 1955 vol 539 cc529-30 529

§ 15. Mr. Grimond
asked the Chancellor of the Exchequer if he will make a further statement on the future of the Capital Issues Committee.

530

§ Mr. Maudling
My right hon. Friend is considering some improvements of procedure, but I see no present prospect of modifying the scope of the Capital Issues Control.

§ Mr. Grimond
Can the Minister explain what real function this Committee now exercises? Obviously, capital investment is extremely important, but it is very difficult to find out on what principles the Committee is now proceeding.

§ Mr. Maudling
The principles on which it is proceeding are fairly clearly laid out in the letters of guidance issued by my right hon. Friend the Chancellor of the Exchequer to the Committee. I shall be glad to send copies to the hon. Member.