asked the Financial Secretary to the Treasury the total amount 256W during the undermentioned periods, together with excess of imports over exports.
advanced for new industries in the Special Areas by the Special Areas Reconstruction Association, showing each Special Area separately; and how many concerns have gone into liquidation, and the loss involved?
§ Captain Wallace
The total sums agreed to be lent by the Special Areas Reconstruction Association in the four Special Areas to assist new (as distinct from existing) businesses are:
£ Durham and Tyneside … 162,650 South Wales … 186,150 West Cumberland … 47,650 Scotland … 164,250 Total … £560,700
None of the 90 companies involved has gone into liquidation, but in three cases a receiver has been appointed. It is not possible at this stage to compute the loss which may fall on the association in these cases.