§ 47. Mr. WELLOCK
asked the Financial Secretary to the Treasury what portion of the £26,500,000 of share capital and reserves of the three telegraph companies embraced by the proposed Communications Company represents reserves?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Arthur Michael Samuel)
Mr. L'ESTRANGE MALONE
Does the Communications Company yet exist, and can the Financial Secretary say what is the state of affairs in the negotiations?