§ 65. Dame Irene Ward
asked the President of the Board of Trade when he intends to sanction the loan for factory development in the North-East, requested by Pulse Electronics Limited 18 months ago; and what reply he has sent to the letter sent to him on 2nd April by the managing director of the company.225W
§ Mrs. Gwyneth Dunwoody
It is not the practice to disclose information regarding applications made for financial assistance by individual firms, but I should remind the hon. Member that we have no powers to give loan assistance under the Local Employment Acts except in accordance with a favourable recommendation from the Board of Trade Advisory Committee. I am writing to the hon. Member regarding the reply sent to the letter received from the managing director of the company.