§ 5. Mr. Peter Smithers
asked the Secretary of State for the Colonies whether the hotel at Entebbe, built by the Uganda Government and now taken over and managed by the Colonial Development 489 Corporation, made a profit or a loss previously to being taken over; and what was the amount thereof.
During the 12 months before the C.D.C. took over the hotel it made a net loss of £5,486. The C.D.C. took it over on 1st August, 1950.
§ Mr. Beresford Craddock
Can the right hon. Gentleman say at what price the Colonial Development Corporation took over this hotel? Was it the actual cost price to the Uganda Government?