HC Deb 14 May 1925 vol 183 cc2033-4
86. Mr. MACLEAN

asked the Chancellor of the Exchequer if any official or member of the Government., in whose name an arangement was made with the British Italian Corporation. Limited, by which this corporation received subsidies amounting to £283,418, has been, or is now, an official in, or a director of, the British -Italian Corporation?

Mr. CHURCHILL

The original agreement with the British Italian Corporation was signed on the 8th June. 1916, by the right. hon. L. Harcourt acting for the President of the Board of Trade, the right hon. Member for Swansea West, who was ill. A second agreement—a formal one—of the 15th September, 1916, was signed by the right hon. Member for Swansea West as President. A third agreement of the 18th October, 1917, was signed by Lord Ashfield, then President of the Board of Trade; and the final agreement was signed on the 30th November, 1921, by my right hon. Friend the present Prime Minister, when President of the Board of Trade. I understand that the right hon. Gentleman the Member for Swansea West is now a director of the British Italian Banking Corporation.