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Industrial And Commercial Finance Corporation

Volume 414: debated on Monday 15 October 1945

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asked the Chancellor of the Exchequer if the Industrial and Commercial Finance Corporation has now completed its organisation; if information is being communicated to the National Chamber of Trade and similar bodies on the conditions under which medium-sized and small businesses can secure financial aid in the rehabilitation of their commercial activities; and how many proposals for assistance have been received by the Corporation.

The Industrial and Commercial Finance Corporation is now in operation and its organisation is being completed as rapidly as accommodation and staffing difficulties permit. As regards the second and third parts of the Question, I would suggest that the hon. Member should approach the Board of the Corporation for information; I am sure, however, that the Corporation will take every step to make their facilities known, and I understand that a substantial number of applications has in fact been received.