§ 23. Sir MURDOCH McKENZIE WOOD
asked the Minister of Agriculture the amounts guaranteed to British beet-sugar companies under the Trade Facilities Act?
§ Mr. HORE-BELISHA
The total amount guaranteed by the Treasury under the Trade Facilities Acts to British beet-sugar companies is £2,215,000.
§ Mr. HORE-BELISHA
I will endeavour to give an answer to that if the hon. Gentleman will put the question on the Paper.
§ 24. Sir M. WOOD
asked the Minister of Agriculture whether any of the British beet-sugar companies have confined their activities during the last season to the refining of imported raw sugar; and whether he will take steps to secure that no such factory shall in future be permitted to benefit by the subsidy?
§ Major ELLIOT
One company operating one factory confined its manufacturing operations last year to the refining of imported raw sugar, but has been able to secure sufficient contracts to operate with sugar beet next season. I would remind the hon. Member that the subsidy is payable only in respect of sugar manufactured from home-grown beet.
§ 53. Sir M. WOOD
asked the Chancellor of the Exchequer if he will state the amount of profits earned, the amount of dividend paid, the capital, and the amount of the reserve fund built up by each British beet-sugar company in the last year for which returns are available?
§ Major ELLIOT
I have been asked to reply. I am circulating in the OFFICIAL REPORT a statement showing for each factory the amount of share and debenture capital and the total reserves accumulated as at 31st March, 1933. I am not in a position to furnish the other information asked for.
§ Mr. SMITHERS
Has the Government come to any decision as to whether to continue the subsidy or not?
|Statement of the Issued Share and Debenture Capital and the Accumulated Reserves of the Beet Sugar Factories in Great Britain as at 31st March, 1933.|
|Company.||Issued Share Capital.||Debenture Capital.||Total Share and Debenture Capital.||Accumulated Reserves.*|
|English Beet Sugar Corporation, Ltd.||500,000||0||0||—||500,000||0||0||446,518||17||10|
|Home Grown Sugar, Ltd.||145,500||0||0||—||145,500||0||0||71,602||0||1|
|Ely Beet Sugar Factory, Ltd.||450,000||0||0||—||450,000||0||0||263,901||19||9|
|Ipswich Beet Sugar, Ltd.||400,000||0||0||—||400,000||0||0||158,187||16||2|
|King's Lynn Beet Sugar Factory, Ltd.||450,000||0||0||—||450,000||0||0||26,847||2||0|
|Anglo - Scottish Beet Sugar Corporation, Ltd.||442,910||0||0||371,500||0||0||814,410||0||0||40,255||0||0|
|Second Anglo-Scottish Beet Sugar Co., Ltd.||240,500||0||0||741,400||0||0||981,900||0||0||29,890||0||0|
|West Midland Sugar Co., Ltd.||180,000||0||0||49,200||0||0||229,200||0||0||62,423||0||0|
|United Sugar Co., Ltd.||300,000||0||0||—||300,000||0||0||117,783||6||10|
|British Sugar Manufacturers, Ltd.||116,044||0||0||205,416||13||4||321,460||13||4||—|
|Central Sugar Co., Ltd.||175,000||0||0||—||175,000||0||0||50,000||0||0|
|Yorkshire Sugar Co., Ltd.||196,874||0||0||—||196,874||0||0||18,358||3||9|
|Shropshire Beet Sugar Co., Ltd.||354,559||2||6||—||354,559||2||6||18,531||13||1|
|Lincolnshire Sugar Co., Ltd.||332,500||0||0||64,400||0||0||396,900||0||0||59,694||5||7|
|Second Lincolnshire Sugar Co., Ltd.||162,067||0||0||47,618||18||2||209,685||18||2||11,079||16||1|
|* Including Capital and Special Reserves. The Special Reserves include advances under the British Sugar Industry (Assistance) Act, 1931.|