§ 56. Mr. THURTLEasked the Chancellor of the Exchequer what is the total amount of capital guaranteed by the State under the Trade Facilities Act to companies engaged in the artificial silk industry; and if he is satisfied that there is likely to be no loss to the State by reason of such guarantees?
§ Mr. McNEILLThe answer to the first part of the question is £85,000, and to the second part, that I have no reason at all to anticipate any loss.
§ Mr. THURTLEIs the hon. Gentleman aware that there is a very heavy slump in this industry at present as far as new flotations are concerned?
§ Mr. McNEILLI have no reason to anticipate loss on these particular loans.