Mr. MONTAGUE BARLOWasked the Chancellor of the Exchequer whether he is aware of the dissatisfaction that exists in the business world with regard to the action of the Treasury Committee on new issues; and whether he will be prepared to receive a deputation on the subject or to allow an opportunity for a discussion of the action of the Committee by this House?
§ Mr. McKENNASo far as I am aware, such dissatisfaction as exists is mainly confined to rejected applicants. It is open to the hon. Member to raise discussion in this House on the matter on any occasion when the subject is relevant.
Mr. BARLOWasked the President of the Board of Trade whether the action of the Treasury Committee on new issues is confined to cases where a Stock Exchange quotation is desired or not; whether in fact the Treasury Committee have forbidden such forms of issue as an exchange of shares on an amalgamation or reconstruction and debentures to 2732W replace bank loans contracted before the War, and that whether the company concerned was a public or private one and whether a Stock Exchange quotation was desired or not?
§ Mr. McKENNAThe answer to the first part of the question is in the negative, and to the second in the affirmative.