§ 47. Mr. MALLALIEUasked the Chancellor of the Exchequer what are the powers of the Government representative on the board of the Anglo-Scottish Beet-Sugar Corporation, Limited; and whether the loans made by the Treasury to this company received the full recommendation of the Government representative?
§ Mr. COOPERThe Treasury Director, in this and other cases, has no special powers over and above those conferred upon other members of the board. With regard to the second part of the question, the Treasury was given power, under the Trade Facilities Acts, to guarantee loans, after consultation with the Advisory Committee appointed in terms of those Acts. The question of a recommendation by the Treasury Director did not therefore arise.
§ Mr. MALLALIEUIs it the practice before making such loans for the Treasury specially to consult their representative, and to have a report?
§ Mr. COOPERThe Treasury naturally keep in close touch with their representative throughout.