HC Deb 07 February 1968 vol 758 c112W
62. Mr. Shinwell

asked the President of the Board of Trade what is the total amount of security cover required from industrial firms when loans are provided by his Department.

Mrs. Gwyneth Dunwoody:

Loans under the Local Employment Acts are made in accordance with terms and conditions recommended by the Board of Trade Advisory Committee who act in accordance with general directions given to them by the Board with the consent of the Treasury. The directions state that the security shall be the best which the circumstances of the particular case permit and the judgment in this matter is one for the Committee alone to make.