§ 92. Sir F. WISE
asked the Financial Secretary to the Treasury the terms of reference of the Advisory Committee under the Trade Facilities Act?
§ Mr. McNEILL
The formal terms of reference of the Committee areto advise the Treasury on applications for guarantees received under Section 1 of the Trade Facilities Act, 1921.General instructions were, however, given to the Committee, inter alia, to satisfy themselves before making a recommendation that the undertaking would not be financed without the assistance of Government, and is of such a nature as to reduce unemployment in the United Kingdom and benefit the public by increasing the means of production or reducing cost of production. I am sending my hon. Friend a copy of the print issued by the Committee to applicants for guarantees.