§ Captain GEEasked the Financial Secretary to the Treasury if the price paid for the land purchased by the Dunstable Cement Company, and figuring as part of the assets of the company, was less than £500; and if this fact was before the Committee administering the Trade Facilities Act when the guarantee was given?
Mr. GUINNESSI understand that the price paid for the land, 200 acres in extent, was £60,000, half of which was paid in cash and half in shares. As I have already stated, the Trade Facilities Advisory Committee, after considering all the facts, were satisfied that the security for the guarantee of £100,000 raised by the Dunstable Cement Company was adequate.