Capital Issues Control (Limit)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 12 June 1945.

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Photo of Sir John Anderson Sir John Anderson , Combined Scottish Universities 12:00, 12 June 1945

No, Sir. The exemption limit of £50,000, like the previous limit of £10,000, is of general application whatever the source of the proposed borrowing. If the decision to raise the limit is justified, as I think it is, it should apply Irrespective of the source of the borrowing and cannot therefore afford any ground for seeking assurances from one particular lender.