§ 47. Mr. T. WILLIAMSasked the Financial Secretary to the Treasury how many directorships are held by different individuals on behalf of His Majesty's Government in various commercial undertakings or revenue-producing services, giving a full list of the names of the said directors and the remuneration received in each case?
§ Mr. COOPERAs the answer involves a list of names and particulars, I will, with the hon. Member's permission, circulate it in the OFFICIAL REPORT.
§ Following is the answer:
| The following list shows (1) the names of the bodies concerned; (2) the names of the Government directors or representatives; and (3) whether or not they receive fees or salary from the companies. In only one case (noted below) does a director receive remuneration from public funds. The remuneration paid by the several companies to the Government directors, like that paid to other directors, is determined in each case by the Company. | ||
| (1) | (2) | (3) |
| Suez Canal Company | Sir Ian Malcolm, K.C.M.G. | Yes. |
| Sir J.T.Davies,K.C.B.,C.V.O. | Yes. | |
| Earl of Cromer, P.C., G.C.B., G.C.I.E.,G.C.V.O., | Yes. | |
| Home Grown Sugar | Sir James Martin, M.B.E. | Yes. |
| Imperial Airways, Limited | Sir Walter F. Nicholson, K.C.B. | Yes. |
| Marshal of the Royal Air Force, Sir John M. Salmond, G.C.B., C.M.G., C.V.O., D.S.O. | Yes. | |
| Anglo-Persian Oil Company and its Subsidiary Companies. | Sir G. L. Bartstow, K.C.B. | Yes. |
| Sir E. Packe, K.B.E. | Yes. | |
| Agricultural Mortgage Corporation | Sir G. L. Barstow, K.C.B. | Yes. |
| Scottish Agricultural Securities Corporation, Limited. | Mr. J. P. Ross Taylor | Yes. |
| Scottish National Housing Company | Mr. J. A. Inglis, K.C. | No. |
| Mr. D. Ronald | No. | |
| Mr. J. Stewart Seggie, C.A., F.S.A.A. | No. | |
| Messrs. David MacBrayne (1928), Limited | Lieut.-Colonel Norman McLeod, C.M.G., D.S.O. | Yes. |
| *Anglo-Scottish Beet Sugar Corporation | The Hon. A. A. Vanneck | Yes. |
| *Beardmore Taxicab Company, Limited | Mr. E. P. Carter | Yes. |
| *Electricity Distribution of North Wales and District, Limited. | Brigadier-General R. F. Legge, C.B.E., D.S.O. | Yes. |
| *International Power and Paper Company of Newfoundland, Limited. | Mr. A. A. Richie | Yes. |
| *North Wales Power Co., Ltd. | Brigadier-General R. F. Legge, C.B.E., D.S.O. | Yes. |
| *Athens Piraeus Elec. Company, Subsidiary Company of the Sociéte Générale Héllenique. | Mr. R. M. Meikle | Yes. |
| *James Powell and Sons (Whitefriars) Limited. | Mr. George Fawcett | Yes. |
| *Second Anglo-Scottish Beet Sugar Cor poration. | The Hon. A. A. Vanneck | Yes. |
| *Sheffield Coal Company, Ltd. | Mr. G. P. Hyslop | Yes. |
| *Tata Power Company, Ltd. | Sir J. R. Abercrombie | Yes. |
| *Wayagamack News Limited | Mr. G. C. Heward | Yes. |
| *Harland and Wolff Limited | Mr. James Gray | No. |
| *Oceanic Steam Navigation Company, Ltd. | Lord Essendon | No. |
| *Royal Mail Steam Packet Company | Sir William MeLintock, G.B.E., | No. |
| *Elder Dempster & Company, Ltd. | Sir William?lcLintock, G.B.E., C.V.O | No. |
§ Notes.
§ 1. The sign * denotes companies which have received Treasury guarantees under the Trade Facilities Acts. In these cases the Treasury directors or representatives hold office only for the period of the guaranteed loan.
§ 2. Under the agreement of the 29th May, 1929, made in pursuance of the recommendations of the Imperial Wireless and Cable Conference, 1928 (Command Paper No. 3338), two of the directors of the Merger, Communications and Cable and Wireless Companies must be persons whose appointments shall have been approved by the Government, and one of these is to be Chairman of the Communications Company, and his appointment as such is subject also to Government approval. The two directors, whose appointments were approved by the Government are Mr. J. C. Denison-Pender (Chairman), and the Hon. A. G. V. Peel, D.L., J.P.
§ The Government director on the board of Home Grown Sugar, Ltd., surrenders to the Government the whole of his director's fees in return for a payment of £300 per annum.