§ 57. Sir F. WISEasked the Chancellor of the Exchequer if all the firms who have 2928 received guarantees under the Trade Facilities Act have paid the interest and sinking fund on their guarantees; and, if not, which are the firms that have had to have the assistance of the taxpayer?
§ Mr. McNEILLThe answer to the first part of the question is in the negative. The total losses sustained to 31st October last were £29,174 4s. 11d. on guarantees amounting to £68,950,780. I do not think it is desirable to give details of the cases in default.
§ Mr. TAYLORCan the right hon. Gentleman say whether those losses are losses arising from the default of British firms, or do they also include losses arising from the default of foreign firms?
§ Mr. McNEILLI could not answer that question without notice, but I think I have already answered it in the House on a previous occasion.