Skip to main content

Film Finance Corporation (Borrowing)

Volume 496: debated on Wednesday 20 February 1952

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the President of the Board of Trade whether he is now able to make a statement about the Government's intentions in regard to the provision of funds for the National Film Finance Corporation.

The operations of the National Film Finance Corporation, and other measures designed to put the United Kingdom film producing industry on a profitable basis, have undoubtedly caused an appreciable improvement in the industry's prospects. This progress, however, needs to be consolidated, and for this purpose the Corporation may need some further capital. We have, therefore, decided to introduce at an early date legislation to enable a sum of up to £2 million to be borrowed from non-Governmental sources. In the meantime, there will be no interruption of the work of the Corporation.