Exchange Licence

Oral Answers to Questions — National Finance – in the House of Commons am 12:00 am ar 17 Ebrill 1947.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Mr Frederick Erroll Mr Frederick Erroll , Altrincham and Sale 12:00, 17 Ebrill 1947

asked the Chancellor of the Exchequer why he refused an exchange licence for £70,000 to enable the British Aluminium Company to complete, at their works in Norway, a project for the manufacture of a special product which cannot be made in England.

Photo of Mr William Hall Mr William Hall , Colne Valley

This decision has already been reconsidered in the light of further information, and the application has been allowed.

Photo of Mr Frederick Erroll Mr Frederick Erroll , Altrincham and Sale

Was it supplied by the company, or did the Minister think it up for himself?

Photo of Mr William Hall Mr William Hall , Colne Valley

The matter was looked at again in consultation with the Departments concerned—that is the Departments other than the Treasury—and it was then thought it would be a reasonable thing to grant it.

Photo of Mr Frederick Erroll Mr Frederick Erroll , Altrincham and Sale

Why did they not make the right decision in the first place?