§ 36. Dame Irene Ward
asked the Chancellor of the Exchequer if he will give a list of industries designated in groups which have applied within the last five years for permission to raise capital through the Capital Issues Committee.
In the five years up to 30th June, 1958, there were 6,626 applications for consent to raise capital for many industries. With permission, I will circulate a list of the main industries in the OFFICIAL REPORT.
§ Dame Irene Ward
I thank my right hon. Friend for his reply. In view of the fact that industrial expansion is needed, and as industrial expansion depends to a large extent on security, may I ask whether he will also circulate in the OFFICIAL REPORT a list of those industries threatened with nationalisation by the Socialist Shadow Cabinet?
§ Mr. Snow
Notwithstanding the statement by the right hon. Gentleman's predecessor on the subject of not discouraging dollar investment in this country, will the Chancellor, when circulating the list he has mentioned, distinguish between normal investment from sources in this country and investment from dollar sources which may have a marked inflationary effect, in view of certain monopoly rights held under American patents?
That would be difficult to do in the context of the rather general reply for which I have been asked. If the hon. Gentleman would agree to put down a Question I will see what I can do to answer the point which he has in mind.
§ Following is the list of the main industries in respect of which consent was given for the raising of capital during the five years to 30th June, 1958:
- Agriculture and Fisheries.
- Brewing and distilling.
- Building materials.
- Chemicals, drugs and dyes.
- Coal, iron and steel.
- Engineering and metal industries.
- Entertainments (films, hotels, etc.).
- Food manufacturers.
- Shipping, shipbuilding and ship-repairing.
- Textiles and clothing (including footwear).