HC Deb 01 May 1934 vol 289 cc164-6W
Viscountess ASTOR

asked the Chancellor of the Exchequer the amounts allocated to reserve in each of the companies or undertakings operating beet sugar factories?

Mr. ORSMBY-GORE

I have been asked to reply. The following statement gives the information desired.

(2) how much of the capital invested in each company or undertaking operating a beet sugar factory has been paid off; and how much of the capital of each undertaking has not yet been paid off?

Mr. ORMSBY-GORE

I have been asked to reply. The following statement gives the desired information.

CAPITAL OF BEET SUGAR FACTORY COMPANIES.
Company. Share Capital. Mortgages and Debentures. Total Invested Capital as at 31st March, 1933.
Authorised. Subscribed as at 31st March, 1933. Original Amount. Amount paid off by 31st March, 1933. Amount Outstanding as at 31st March, 1933.
£ £ £ £ £ £
1. English Beet Sugar Corporation, Ltd. … 500,000 500,000 — — — 500,000
2. Home Grown Sugar, Ltd. … 250,000 145,500 (a) 260,000 260,000 — 145,500
3. Ely Beet Sugar Factory, Ltd. … 450,000 450,000 100,000 100,000 — 450,000
4. Ipswich Beet Sugar Factory, Ltd. … 400,000 400,000 100,000 100,000 — 400,000
5. King's Lynn Beet Sugar Factory, Ltd. … 450,000 450,000 — — — 450,000
6. Anglo-Scottish Beet Sugar Corporation, Ltd. 500,000 442,910 610,000 238,500 371,500 (c) 814,410
7. West Midland Sugar Co., Ltd. … 250,000 180,000 150,000 100,800 49,200 229,200
8. Second Anglo-Scottish Beet Sugar Corporation, Ltd. … 250,000 240,500 865,000 123,600 741,400 981,900
9. Lincolnshire Sugar Co., Ltd. … 332,500 332,500 225,000 161,000 64,000 396,500
10. Second Lincolnshire Sugar Co., Ltd. … 185,000 162,067 51,500 5,000 46,500 208,567
11. United Sugar Co., Ltd. … 300,000 300,000 — — — 300,000
12. Central Sugar Co., Ltd. … 200,000 175,000 185,000 185,000 — 175,000
13. Yorkshire Sugar Co., Ltd. … 275,000 196,874 — — — 196,874
14. Shropshire Beet Sugar Co., Ltd. … 373,500 354,559 — — — 354,559
15. British Sugar Manufacturers, Ltd. … 350,000 (nominal) 116,044 (b) 250,000 50,000 200,000 316,044
5,066,000 4,445,954 2,796,500 1,323,900 1,472,600 5,918,554
NOTES.—(a) Originally 500,000 shares of £1 each. Reduced in 1923 to 500,000 shares of 5s. each. 82,000 shares of 5s. each issued subsequently.
(b) Share capital written down from £348,130 in 1931–32.
(c) Balance Sheet shows also a liability of £140,000 in respect of 5 per cent. Convertible Notes.

In addition to the amounts given above, certain of the Companies have raised loans from Banks and other sources. In a number of cases these are of a temporary nature and are repaid as opportunity arises. They are secured in some instances by the issue of mortgage debentures as collateral security. Share capital is not normally repayable.