HC Deb 12 February 1929 vol 225 c223
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)

About £12,400,000.

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?

Mr. SAMUEL

That is quite a different question.

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