HC Deb 03 April 1922 vol 152 cc1860-1W

asked the Financial Secretary to the Treasury the amounts awarded to Yorkshire by the Committee over which Lord St. Davids presides; and how much of the £8,500,000, provided out of the £25,000,000 placed at the disposal of the authorities under the Trade Facilities Act and already ear-marked, has been awarded to enterprises in that county?


The records of the grants made by the Unemployment Grants Committee are not kept by counties. If the hon. Member desires it, I will send him a statement of the total cost of the schemes recognised for grant in Yorkshire cities, boroughs and large urban districts, but in view of the great labour involved, I do not think the time of the small staff of the Committee should be taken up by preparing more detailed statistics. It is impossible and quite contrary to the idea of the Trade Facilities Act guaranteed loans to allocate the amounts guaranteed by the Treasury, now £15,000,000 in all, to specific counties or areas. Indeed, I regard as the most useful of all the loans for developments abroad which at the same time provide for additional work to be done in these islands.


asked the Chancellor of the Exchequer whether it is the intention of the Government that loans guaranteed as to principal and interest by the Government under the Trade Facilities Act are to be negotiated solely through the Government brokers?


The method of dealing with loans guaranteed under the Trade Facilities Act will vary according to circumstances. Any public issues will, as usual, be made through the Bank of England.