§ 44. Major OWEN
asked the Chancellor of the Exchequer whether he is prepared to seek powers to re-guarantee loans granted to industrial companies under 171 the Trade Facilities Act at a lower rate of interest than that borne by such loans when issued originally?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)
I assume the hon. and gallant Member refers to cases in which the borrower has an option of early repayment. He is no doubt aware that any such proposal would need legislation. I shall be glad to consider the suggestion, but I cannot give any definite undertaking to introduce such legislation.