HC Deb 19 November 1957 vol 578 c187
29. Mr. Cronin

asked the Chancellor of the Exchequer if he will strengthen the Capital Issues Committee and arrange for it to meet more frequently.

Mr. P. Thorneycroft

No, Sir.

Mr. Cronin

Bearing in mind that the decisions of the Capital Issues Committee have not produced universal satisfaction and that last year it dealt with over seventy cases per sitting, is not there a case for introducing the improvement I have suggested?

Mr. Thorneycroft

The scope of the Capital Issues Committee will fall, amongst other things, within the general review of the Radcliffe Committee. I do not think that we need have another Committee.

Mr. Rankin

But is the right hon. Gentleman aware that he has just said that he does not propose to strengthen the Capital Issues Committee, thereby accepting that it requires to be strengthened?