§ 68. Mr. THURTLEasked the Chancellor of the Exchequer whether, in view of the heavy percentage of loss already incurred in connection with guarantees under the Trade Facilities Act, amounting to over 20 per cent., he will consider the advisability of making more stringent regulations in connection with future guarantees in order to reduce the loss to the national Exchequer?
§ Mr. CHURCHILLI think the hon. Member must have misread the reply given to the hon. Member for Ilford on the 16th instant. The loss to date is .02 per cent., which is a thousandth part of that suggested. All schemes are-examined by an independent committee and every care is taken to avoid losses.