HC Deb 01 May 1922 vol 153 cc955-6
18. Lieut.-Colonel NALL

asked the President of the Board of Trade whether His Majesty's Government still holds $3,000,000 6 per cent, first mortgage 15-year gold bonds in the British America Nickel Corporation; whether the corpora- tion has paid all interest and principal due in respect of such bonds; whether the Government is now represented on the board of the corporation; and, if so, what is the name of such representative?


Under the scheme of re-organisation of the corporation which became effective early in 1921, His Majesty's Government have exchanged the $3,000,000 first mortgage bonds for a similar amount of A. income bonds. No interest or repayment in respect of the capital of these bonds has been paid by the corporation. The Government representatives on the Board of the British America Nickel Corporation are Sir Robert Borden and Sir Eric Hambro.


Is it not a fact that the Board of Trade are still receiving large quantities of nickel from this company?


I should like to have notice of that question.