HC Deb 01 March 1928 vol 214 c591
39. Colonel WOODCOCK

asked the Financial Secretary to the Treasury the amount of capital guaranteed under the Trade Facilities Act which has already been proved to be a bad debt beyond recovery; and what amount he anticipates will not be repaid as far as is known at present?


The amount which the Treasury has paid so far in fulfilment of guarantees amounting to over £74 millions under the Trade Facilities Act is £11,217 principal and £48,268 interest, a total of £59,485. Of this amount some £22,000 must be regarded as definitely irrecoverable from any source. On the second part of the question I could not usefully attempt an estimate.


Can my right hon. Friend tell me what is the most recent loss, and what is the amount of it?


No, Sir, I cannot, offhand.