§ 71. Mr. SITCHasked the Parliamentary Secretary to the Ministry of Munitions what is the precise sum in cash put into the British Cellulose and Chemical Manufacturing Company by way of share capital at its inception and subsequently; and what shares, distinguishing preference and ordinary, in the new British Cellulose and Chemical Manufacturing (Parent) Company, Limited, will be received by the shareholders in the former company in consideration of the sale to the new company of the share capital of the former company?
The PARLIAMENTARY SECRETARY to the MINISTRY of MUNITIONS (Mr. Hope)With regard to the first part of the question, I would refer the hen. Member to the Report of the British Cellulose Committee under Lord Sumner's chairmanship of last year.
With regard to the second part of the question, the hon. Member is evidently under a misapprehension. All the shares 882 (except one) in the British Cellulose and Chemical Manufacturing Co., Ltd., are already owned by the British Cellulose and Chemical Manufacturing (Parent) Co., Ltd., and have been so owned since March, 1918.