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Capital Issues Committee

Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 19th November 1957.

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Photo of Mr John Cronin Mr John Cronin , Loughborough 12:00 am, 19th November 1957

asked the Chancellor of the Exchequer if he will strengthen the Capital Issues Committee and arrange for it to meet more frequently.

Photo of Mr John Cronin Mr John Cronin , Loughborough

Bearing in mind that the decisions of the Capital Issues Committee have not produced universal satisfaction and that last year it dealt with over seventy cases per sitting, is not there a case for introducing the improvement I have suggested?

Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth

The scope of the Capital Issues Committee will fall, amongst other things, within the general review of the Radcliffe Committee. I do not think that we need have another Committee.

Photo of Mr Jon Rankin Mr Jon Rankin , Glasgow Govan

But is the right hon. Gentleman aware that he has just said that he does not propose to strengthen the Capital Issues Committee, thereby accepting that it requires to be strengthened?