§ Mr. BARNESasked the Financial Secretary to the Treasury whether he will grant a Return under various headings, of the amount of credits, grants, or cost to the State, for the 10 years 1920–21 to 1930–31, for trade facilities, export credits, unemployment grants, and any other forms of State expenditure designed to assist the unemployment problem, including the cost of unemployment insurance to State, to employers, and to employed?
§ Mr. PETHICK - LAWRENCEThe following is the information for which my hon. Friend asks:
STATEMENT OF EXPENDITURE AND GUARANTEES, 1920–31, DESIGNED TO RELIEVE UNEMPLOYMENT. Trade Facilities Acts. 1921–1926 Statement of Guarantees and of the net payments made in fulfilment of Guarantees. Financial Year. Amount of loans approved for Guarantee of Principal and Interest. Net amount paid in fulfilment of Guarantees. £ £ 1920–21 Nil Nil 1921–22 14,958,145 Nil 1922–23 7,270,500 Nil 1923–24 15,977,000 4,400 1921–25 17,372,166 4,589 1925–26 8,613,469 11,522 1926–27 10,060,500 14,326 1927–28 Nil 126,415 1928–29 Nil 180,894 1929–30 Nil 213,675 1930–31 Nil 231,377 NOTES.—Interest amounting to £15,505 has been received in respect of sums advanced by the Treasury in fulfilment of Guarantees given under the Acts.
As the result of adjustments in the amount of Guarantees after completion of the scheme on 31st Match, 1927, the total has been reduced by £2,158,012.
2494W
Trade Facilities Act, 1924. Public Utility Undertakings in the Dominions (contributions towards interest). Financial Year. Amount £ 1926–27 … … 5,837 1927–28 … … 18,249 1928–29 … … 61,450 1929–30 … … 61,450 1930–31 … … 62,199
Statement of Guarantees, Advances, etc. under Export Credits Schemes for the years 1920–21 to 1930–31. Year. Guarantees and Credits.* Advances and payments under guarantee. Net payments or receipts after deduction of recoveries, etc. £ £ £ 1920–1 — 452,230 428,660 1921–2 716,000 1,082,990 991,760 1922–3 1,947,000 362,950 185,530 1923–4 1,898,000 175,100 62,400† 1924–5 1,131,000 86,750 108,680† 1925–6 403,000 98,330 42,500† 1926–7 483,000 16,500 49,730† 1927–8 2,494,000 32,930 26,110† 1928–9 4,337,000 24,400 4,640† 1929–30 5,661,000 87,580 59,530 1930–31 8,193,000 81,790 54,540 * Guarantees given under the First Guarantee Scheme (1921–1926) and credits of which the Export Credits Guarantee Department has contracted to guarantee the whole or a part under the present scheme (1926—onwards). † Net receipts. Note.—Commission and premiums to a total of £734,000 were received during the period.