Mr. HARVEYasked the Chancellor of the Exchequer what amount was ad- 514W vanced or guaranteed by His Majesty's Government in the first instance towards the building of the new Cunarder?
§ Major ELLIOTNo such advance or guarantee has been granted. Under the Cunard (Insurance) Agreement Act, 1930, the Board of Trade undertake to provide insurance against construction risks and marine risks at an appropriate premium to the extent that by reason of the size of the vessel the ordinary insurance market cannot perform this service.