HC Deb 12 June 1934 vol 290 cc1540-1W

asked the Financial Secretary to the Treasury the present amount of the Exchequer liability in respect of loans guaranteed under the Trade Facilities Acts; the payments made by the Treasury in respect of such loans and in respect of interest thereon; what is the loss to date; also the amount under these headings attributable to the beet-sugar industry; and what percentage of the total guarantee" under the Acts was given on behalf of companies concerned with the manufacture of beet-sugar in this country?


The total amount of loans guaranteed by the Treasury under the Trade Facilities Acts was £72,093,767, of which the total still outstanding at 31st March last was £51,076,455. Payments made under guarantee totalled £3,179,570 in respect of principal, and £805,966 in respect of interest. Of these sums, £86,263 and £12,000 respectively have subsequently been recovered. £2,215,000, or 3 per cent. of the total sums originally guaranteed under the Acts, was guaranteed in favour of beet-sugar companies. With regard to the remaining question, I would refer the hon. Member to the reply which

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