HC Deb 15 December 1926 vol 200 cc2927-8
57. Sir F. WISE

asked the Chancellor of the Exchequer if all the firms who have 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?


The 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.


Can 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?


I could not answer that question without notice, but I think I have already answered it in the House on a previous occasion.