HC Deb 11 March 1941 vol 369 cc1154-5W
Sir J. Mellor

asked the Chancellor of the Exchequer the grounds upon which the public offer for sale of units by unit trusts is permitted, while the public offer for sale, without Treasury consent, of shares or debentures is prohibited by Regulation 6 of the Defence (Finance) Regulations, 1939?

Sir K. Wood

As my hon. Friend is aware, the control of capital issues was imposed in order to conserve national resources and to ensure that new savings are used for the war effort. Hitherto I have not felt it necessary to extend the definition of securities for the purpose of this Regulation so as to cover units in unit trusts, but as I informed my hon. Friend on 26th February, I am giving further consideration to this question and I would ask him to await the result.