§ Mr. Hall-Davis
asked the President of the Board of Trade (1) what was the total value of loans made under Section 4 of the Local Employment Act 1960 in the financial year 1966–67 in respect of each economic region and Scotland, and the total value of assistance given under that section by subscribing for or acquiring shares or stock;
(2) what was the number of grants and the total value of grants made under Section 3 of the Local Employment Act 1960 229W in the financial year 1966–67 in respect of each economic region and Scotland.
§ Mrs. Gwyneth Dunwoody
Details of assistance offered under the Local Employment Acts are not readily available in respect of economic regions. The answer in terms of development areas is as follows:
Loans Building Grants Development Area Number £'000 Number £'000 Northern 37 3,138 358 5,142 Merseyside 12 3,597 145 6,006 South Western 6 110 46 394 Welsh 31 1,607 125 1,312 Scottish 45 4,706 605 8,231
No assistance was given by the acquisition of shares but one loan was offered with the option to convert part of it into ordinary shares.