§ Mr. MITCHELL-THOMSON (for Mr. Staveley-Hill)asked what rate of interest the contractors will be entitled to charge in respect of the preliminary outlay in connection with the preparations for the four new ships?
§ Mr. McKENNAIt is not customary for contractors to charge nor for anyone to pay any interest for such preliminary outlay as contractors may incur in preparing to execute orders.
§ Mr. MITCHELL-THOMSONWas no interest paid in this case?
§ Mr. McKENNANo; no interest would ever be charged by any contractors, or rather no one would ever pay any interest.
§ Mr. McKENNANo; no one purchasing goods pays for any expenditure which the purveyor of the goods may have to make in order to provide himself with them.