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.

Alert me about debates like this

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

I recollect very clearly what I said on that occasion. What I said was that, in order to ensure that capital resources should be directed into the most useful channels, it would be necessary in the future, as in the past, to rely on the machinery of the Capital Issues Committee. That machinery remains intact It is perfectly true that I recently announced an increase in the previous limit of £10,000 to £50,000, but I do not think that affects the principle. As regards these institutions, as I explained at the time, they merely represent the provision of further facilities for borrowing but they do not involve any new principle; they will not be under the control of His Majesty's Government, and I am sure they will take a very public-spirited view of their functions.