Former MP for Edinburgh East
asked the Chancellor of the Exchequer whether, in view of the raising of the limit from £10,000 to £50,000 of the amount free from control by the Capital Issues Committee, he will consult with the Industrial and Commercial Corporation with a view to ensuring that loans below £50,000 should only be provided by it when the objects of the firm or company seeking the accommodation accord with...
Does not the Chancellor of the Exchequer recollect that when I asked that these financial corporations should exercise hot merely financial considerations but also national considerations he told me that I need not trouble about that because it would be attended to by the Capital Issues Committee? Now he has abrogated it by increasing the limit from £10,000 to £50,000. It makes a...
Are they allowed to take a public-spirited view? Are they not constrained to take merely a financial view?
I have read the two new Clauses on the Order Paper with a great deal of care, and I have listened to the explanation which the right hon. Gentleman has given, and I am sure that he will agree that this is an exceedingly difficult and complicated subject. Clause 13, with which the main change is principally concerned, was dealt with pretty fully by the House in Committee, and on all sides...
I do not anticipate that the wish expressed in the last few words of the Chancellor of the Exchequer's statement will be frustrated. It is in no one's interest to hold up the Finance Bill of the year, and in view of the early Dissolution I feel sure we shall all be willing to carry the Bill through all its stages in this House, and I have no doubt that in another place the Bill will receive...
I am very glad that in the massacre of the innocents this ewe lamb has escaped the general slaughter. I think that the Chancellor's concessions, which will not probably cost a great deal in terms of to-day's figures, will be of some benefit to the further enlargement of industry. I hope they will have a substantial effect in that direction. We shall watch the results with anticipation. We on...
I would like to ask the Chancellor of the Exchequer two questions with regard to that statement. The first question, which perhaps should be addressed to the Leader of the House, is—I am aware that the time at our disposal between now and the Dissolution is exceedingly short—Will there be any opportunity for the House to discuss the proposal? The second question is one that I would like...
Does that not mean that up to £50,000, a company whose objects are quite worthless from the national point of view can borrow money from one of these Corporations, when much more worthy objects are being ruled out by the shortage of money?
More of Mr Frederick Pethick-Lawrence's speeches and debates
