HC Deb 29 November 1938 vol 342 cc255-6W
Mr. Anderson

asked the Financial Secretary to the Treasury the total amount 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.