Sir HENRY DALZIELasked the Chancellor of the Exchequer whether the capital Issues Committee is sitting de die in diem; how many applications for a licence to issue new capital have been made to the Committee up to date under the new Regulations; how many applications have been disposed of, and of those how many have been granted and how many refused; 401W whether he is aware that dissatisfaction exists as to the dilatory manner in which the Committee is dealing with applications; and whether any steps can be taken for securing greater expedition?
Mr. CHAMBERLAINThe Capital Issues Committee sits, as a rule, three clays a week. The number of applications made up to date under the new Regulations is 345; the number of applications disposed of is 294; of these, the number granted is 276; and the number refused is eighteen.
Of the remaining fifty-one, thirty-five are awaiting reports from other Government Departments, and in sixteen cases applicants have been offered interviews and "oral hearings" are pending. I under stand that the great majority of cases are disposed of within a fortnight.