asked the Minister of Labour whether any grant has been made or sanctioned by the Unemployment Grants Committee in respect of the Galloway water-power scheme; and, if so, to whom the grant has been made or sanctioned, to what amount, and for what purpose?
§ Major ELLIOT
On the recommendation of the Development (Public Utility) Advisory Committee a grant of interest to the Galloway Water-Power Company under Part I of the Development (Loan Guarantees and Grants) Act, 1929, in respect of the carrying out of the hydroelectric scheme authorised by the Galloway Water Power Act, 1929, was authorised in August last. The grant which is payable over a period of 10 years has a present value of approximately 19 per cent. of the total cost of the scheme, which is estimated to amount to £2,444,000.