§ 56. Sir F. WISEasked the Financial Secretary to the Treasury if he has any Reports from the Newfoundland Products Corporation, Limited, who received £2,000,000 Government guaranteed credit in 1922?
§ Mr. McNEILLThe Treasury have received the usual information as to progress from the Newfoundland Power and Paper Company, Limited, to which my hon. Friend no doubt refers, and are in close touch with the company through the Treasury director.
§ Sir F. WISEMay I ask whether an official has been sent out to Newfoundland?
§ Mr. McNEILLI could not answer that without further notice.
§ Sir F. WISEMay I ask whether this is a first charge on the property?
§ Mr. McNEILLI cannot give any detailed information about it without notice.
§ Mr. THURTLECan the hon. Gentleman say whether this company has made any profits yet?
§ Mr. McNEILLIt has been in active operation only since last August, and I do not think we have yet got the half yearly accounts.