§ 41. Mr. SHORT
asked the Parliamentary Secretary to the Overseas Trade Department to what extent the provisions of the Trades Facilities Act, 1922, have been taken advantage of, and by whom and for what purposes?
§ Captain KING (Lord of the Treasury)
Information as regards the guarantees which have been given under the Trade Facilities Acts, 1921–22, is contained in statements presented to this House quarterly. The statements already presented are House of Commons Papers Nos. 62 and 121 of 1922, No. 3 of the Second Session of 1922, and No. 4 of 1923. I understand that the Advisory Committee have before them at the present time a number of applications for a substantial amount, in respect of which negotiations have advanced to a considerable extent.
§ 50. Sir J. NORTON-GRIFFITHS
asked the Prime Minister whether it is intended that in future the proceeds of all loans raised with the assistance of a Government guarantee shall be used solely for the purchase of British goods and the employment of British labour?
§ The PRIME MINISTER
If my hon. Friend refers to guarantees for loans for capital works under the Trade Facilities Acts, applicants are normally required to undertake to use none but British materials and employ none but British labour.