§ 52. Mr. ALDENasked the Chancellor of the Exchequer whether a subsidy has been granted to the Shropshire, Staffordshire, and Worcestershire Electric Power Company; if so, on what principle is this grant of funds made to a new company; and whether it is the policy of the Government to make Grants until such time at least as the Coal Conservation Committee has made its final Report?
§ The FINANCIAL SECRETARY to the MINISTRY of MUNITIONS (Sir Worthington Evans)No subsidy has been granted to this company. As I stated yesterday, in answer to the hon. and gallant Member for Norh-East Derbyshire, the Ministry of Munitions have made loans against security to this company. The policy is to assist in cases where it is essential that more power should be made available for munition purposes.