HC Deb 04 March 1948 vol 448 c525
60. Major Bruce

asked the Chancellor of the Exchequer what orders he has issued under Section 1 of the Borrowing (Control and Guarantees) Act, 1946; what loan guarantees have been given under Section 2 of that Act; and in how many instances have directions been given under Section 2 of the Schedule to that Act.

Mr. Jay

In reply to the first part of the Question, the Control of Borrowing Order, 1947; in reply to the second part, "None"; in reply to the third part, "One, Sir."

Major Bruce

Is my hon. Friend satisfied that this Act is serving the purpose for which it was originally designed?

Mr. Jay

Yes, we are.