HC Deb 02 July 1957 vol 572 c870
15. Mr. Cronin

asked the Chancellor of the Exchequer how many times the Capital Issues Committee has rejected proposals to finance the construction of single tankers by loans from the clearing banks since he requested the Capital Issues Committee to restrict long term bank loans on 9th April, 1957.

Mr. P. Thorneycroft

Once, Sir, involving one vessel.

Mr. Cronin

Is the Chancellor aware that there have been widespread reports that twenty such applications have been rejected and that we are glad he is sure that this is not true?

Mr. Thorneycroft

I am glad that the hon. Member and I have managed to clear it up.

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