HC Deb 18 July 1929 vol 230 cc669-70W

asked the Chancellor of the Exchequer whether he is prepared to consider the remission of loans made by the Development Commissioners and the Public Works Loans Board to fishery harbour authorities where, owing to the accumulation of interest and arrears during the period of the War, when no appreciable revenue was being earned, the harbour authorities are unable to discharge their present obligations?


I shall be prepared to consider the proposals which, I understand, the Development Commissioners are now preparing for the remission in special cases of the whole or part of sums due to the Development Fund from fishery harbour authorities. So far as I am aware, there has never been any question of remitting loans made by the Public Works Loan Board; but in cases of proved difficulty arrangements may be made by agreement for spreading repayment over longer periods than those now fixed.