§ 92. Mr. Wingfield Digby
asked the Secretary of State for the Colonies how much of the £6 million loan to be made to Messrs. Bailey, in Malta, has so far been advanced; and if he will give an assurance that the whole of the sum so far advanced has been spent on improving and developing the dockyard in Malta, or on making the necessary plans for this.
§ Mr. Iain Macleod
A sum of £1,835,574 has been advanced to Bailey (Malta) Ltd. under the Loans Agreement34W between Her Majesty's Government and the company, for working capital, the acquisition of plant and machinery and development of the dockyard.