§ Mr. KILEYasked the Parliamentary Secretary to the Ministry of Munitions if he will give the name of the person or persons for whom they held in trust mortgages or debentures to the extent of £700,000 secured on the assets of the British Cellulose Company, Limited; if these mortgages of £700,000 have been cancelled; and, if so, if it is intended that 924W these persons are to accept in lieu thereof 7½. per cent. preference shares?
Mr. HOPEThe Ministry holds the £700,000 debentures in trust for two important companies, whose leave it would be necessary to obtain before their names could be given. I understand that these debentures, which amount to less than half the Government's own holding, will be paid out of the proceeds of the present issue.