§ 52. Mr. Errollasked the Chancellor of the Exchequer what loans, other than the Government loan, now outstanding with the Vactric Company Limited, are now guaranteed directly, or indirectly, by the Government.
§ Sir S. CrippsNone, Sir.
§ 53. Mr. Errollasked the Chancellor of the Exchequer what are the prospects of an early repayment of the Government loan of £340,000 to the Vactric Company Limited; and from what sources is it expected that the company will find the money.
§ Sir S. CrippsIt is for the directors of the company in the first instance to propose the timing and method of repayment of the Government loan which they regard as possible; and I cannot anticipate any proposal on this subject which they may make in due course.
§ Mr. ErrollAre we to assume that the Chancellor is quite prepared to wait several years before this third of a million pounds is returned to the Treasury?
§ Sir S. CrippsWe are prepared to wait until such time as it is possible to have it repaid without doing a lot of damage.