§ Mr. HANNONasked the Financial Secretary to the Treasury whether he is in a position to state the terms upon which manufacturers may apply, under the Trade Facilities Act, for guarantees of loans to be expended in replacing obsolete or inefficient plant by more modern types of machinery; whether, in the case of such loans, both principal and
240Wthrough the Board of Trade; what is the name of each colliery company promoting such housing schemes; the number of houses in each such housing scheme and the cost of the same; and the name of the local authority in whose area each such housing scheme is being carried out?
Mr. GUINNESSUnder the Trade Facilities Acts the Treasury, on the recommendation of the Trade Facilities Act Advisory Committee, have guaranteed loans to the following companies for the erection of houses or cottages:
interest on money received will be guaranteed; and the security which will be required?
Mr. GUINNESSApplications for guarantees of loans, to be expended in replacing obsolete or inefficient plant by mow modern types of machinery, should be addressed to the Trade Facilities Act Advisory Committee in the same manner as other applications under the Trade Facilities Acts. In cases where recommendations are made by the Committee, the Treasury is prepared to guarantee both principal and interest. No general statement can be made as to the security which is required; this is a question which is decided according to the circumstances of each particular case.