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Trade Facilities Act (Guarantees)

Volume 159: debated on Monday 27 November 1922

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asked the Chancellor of the Exchequer what guarantees the Treasury have stated their willingness to give under the Trade Facilities Act, 1921, since the 30th June, when the last list was published?

The statement laid before the House on the 23rd instant (House of Commons Paper No. 3) shows those agreed to be given up to the 30th September last, and the following is a statement of those agreed to be given since that date:—The Treasury has agreed since the 30th September to give guarantees in the following cases:—

££
Harland & Wolff, Limited95,000
Newfoundland Products Corporation, Limited2,000,000
Kassala Railway Company, Limited1,500,000
Lanner Syndicate, Limited25,000
London Electric Supply Corporation650,000
Dolcoath Mine, Limited50,000
Ipswich Dock Commission125,000
Tata Power Company850,000
Colliery Cottage Company, Limited55,000
Oxford Electric Company, Limited25,000
5,375,000
The total guarantees agreed to up to the 30th September were18,188,645
23,563,645

££
Brought forward23,563,645
Since that date the following applications have been reduced in amount:—
South Eastern & Chatham Railway Company, Limited, from £6,500,000 to £6,500,000, namely1,000,000
Powell Duffryn Steam Coal Company, Limited, (Llantricant & Rhymncy Valley Housing Company, Limited) from £120,000 to £100,000,namely20,000
1,020,000
and the application of the Guilford & Waldershare Colliery Company has been withdrawn, namely300,000
1,320,000
making the total of the guarantees agreed to be given up to the present date£22,243,645