HC Deb 31 July 1922 vol 157 cc1021-2W
Mr. TICKLER

asked the Prime Minister if he is aware that an influential body of officials is about to visit this country to place before him a proposal regarding a projected paper enterprise on the west coast of Newfoundland; and, seeing that the object of this deputation is to secure a Government subsidy in the form of a guarantee of half the principal and in- terest on £18,000,000 required to finance this scheme, will he assure the House that this subsidy will not be granted before taking the views of Members of this House on such an enterprise

Mr. YOUNG

I understand that an application has been made to the Trades Facilities Act Advisory Committee for a guarantee in respect of £2,000,000, being part of a loan of £18,000,000 for the enterprise in question. In accordance with the pledge which I have given on several occasions, I do not propose to interfere in the Committee's consideration of the application.