§ 39. Mr. Collinsasked the Chancellor of the Exchequer if he will instruct the Capital Issues Committee to issue a simplified 22 form of application in cases where applicants wish to borrow sums of £10,000 or more for the purpose of repaying an existing mortgage of an equal or greater amount.
§ Mr. H. MacmillanNo, Sir. The present forms are designed to elicit in a way as convenient as possible to applicants and to the Committee the information that the Committee requires to do its work. I will, of course, consider any constructive suggestion for simplying the form.
§ Mr. CollinsIs the Chancellor aware that the Question refers to people who do not wish to increase their borrowing, but nevertheless have to answer a form containing some thirty questions? Is not this a waste of the time of both the staff and the applicants, and does he not think that a simple question, such as indicated in the Question on the Order Paper, would serve his purpose?
§ Mr. MacmillanNo, Sir. I am afraid that it is not quite as simple as that, but if the hon. Gentleman will get in touch with me I will certainly put before my advisers and the Capital Issues Committee any method which would make the work easier both for the Capital Issues Committee and for the applicants themselves.