§ 22. Mr. D. GRENFELLasked the Secretary of State for the Colonies whether, with regard to the loan from the Colonial Development Fund for the development of the iron-ore deposits at Marampa, Sierra Leone, he will state the amount and conditions of the loan; the total amount already advanced and outstanding to date; to whom and on whose behalf the loan was granted; and the total subscribed capital of the commercial company concerned?
§ Sir P. CUNLIFFE-LISTERThe amount and main conditions of this loan are given in Table A' appended to the First Interim Report of the Colonial Development Advisory Committee—Cmd. 3540—of 1930, to which I would refer the hon. Member. Of the total loan of £500,000 the amount issued to date is £362,500, leaving £137,500 outstanding. Advances are made by instalments equal to the amounts from time to time called up and paid on the ordinary shares of the Sierra Leone Development Company. The loan was granted to the Sierra Leone Government, who re-lent it to the company. The subscribed capital of the company to date is £362,500 out of a total capital of £600,000.