HC Deb 08 March 1926 vol 192 cc1922-3
92. Sir F. WISE

asked the Financial Secretary to the Treasury the terms of reference of the Advisory Committee under the Trade Facilities Act?


The formal terms of reference of the Committee are to 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.