HC Deb 15 June 1921 vol 143 cc449-50W
Mr. ORMSBY-GORE

asked the President of the Board of Trade what arrangements exist between His Majesty's Government and nickel companies; what liabilities are outstanding; if any public money has been subscribed for such companies; and whether any deliveries of nickel have been made and any interest paid on investments of public money?

Sir W. MITCHELL-THOMSON

His Majesty's Government have no arrangements with any nickel companies except as holders of "A" Income Bonds for $3,000,000 issued by the British America Nickel Corporation, Limited, under a, scheme of re-organisation of the corporation, which provided, inter alia, for the cancellation of an agreement entered into by the Government for the purchase of nickel from the corporation. The amount of public money originally subscribed and now represented by Income Bonds is £629,618. No deliveries of nickel have been made to the Government and no interest has been received on the investment.