asked the Chancellor of the Exchequer whether he will make a statement as to the policy of Special Areas Reconstruction Association, Limited, in calling up part of the uncalled capital of the company; and whether further calls are to be expected in the near future?

The policy of this Association in regard to the calling up of its share capital is one for determination solely by its board of directors. I have been informed however that the Association are calling up 10s. per preference share on the 1st August.