§ Mr. HOLMESasked the Parliamentary Secretary to the Ministry of Munitions who are the parties for whom the Ministry hold, as trustee, securities in the form of debentures or otherwise to the amount of £700,000 charged upon the assets and uncalled capital of the British Cellulose Manufacturing Company, Limited; and for what securities in the new British Cellulose and Chemical Manufacturing (Parent) Company, Limited, are these debentures or other forms of charge to be exchanged?
Mr. HOPEThe Ministry holds these £700,000 debentures in trust for the company's bankers and the Chilworth Gunpowder Company, Limited. As I have stated before, I understand that these £700,000 debentures will be paid off in cash out of the proceeds of the recent issue of shares.