Securities (Marketing).

Oral Answers to Questions — National Finance. – in the House of Commons on 21st May 1942.

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Photo of Mr Irving Albery Mr Irving Albery , Gravesend

asked the Chancellor of the Exchequer whether he has any announcement to make with regard to the marketing of securities?

Photo of Captain Harry Crookshank Captain Harry Crookshank , Gainsborough

Yes, Sir. Cases have arisen which show that it is desirable to supplement the existing control over the capital market by requiring the consent of the Treasury to the public marketing of new securities and of existing securities for which permission to deal has not already been given. The Committee of the London Stock Exchange and the Council of Associated Stock Exchanges have agreed that no quotation or permission to deal will be given by the Exchanges in respect of any securities for which permission to deal has not already been granted, except with the consent of the Treasury, and subject to any conditions which the Treasury may attach to such consent. All applications should continue to be addressed to the Stock Exchanges in the first instance, and the Exchanges will refer them as necessary to the Treasury for decision.