HC Deb 24 February 1920 vol 125 c1525W
Mr. ALLEN PARKINSON

asked the Parliamentary Secretary to the Ministry of Munitions what is the approximate value of the works and plant set up by firms employed on manufacturing munitions during the War, partially or entirely out of public funds, and whether the whole or part of such works and plant is now retained by these firms for their own profit?

Mr. HOPE

As far as the Minister has cognisance of such value, the total was approximately £85,000,000. In respect of this expenditure the Government agreed to pay:

  • Approximately, £11,000,000 as non-repayable contributions, the assets remaining the property of the contractors.
  • Approximately, £2,000,000 as repayable contributions, the assets remaining the property of the contractors.
  • Approximately, £19,000,000 to meet the whole expenditure, the assets remaining Government property and now in course of disposal to the best advantage.