§ Mr. WHITEasked the Financial Secretary to the Treasury the amount provided and guaranteed, in the form of subsidies and guarantees, by the Treasury during the financial year 1935 to 1936, showing the amount attributable to each separate item?
§ Mr. W. S. MORRISONThe following statement shows the amounts provided and guaranteed during the financial year 1935–36. This statement excludes loans, grants to local authorities, and grants from the Colonial Development Fund.
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Statement of subsidies and guarantees in1935–36 1. Subsidies provided in Estimates for 1935–36. £ Beet Sugar 2,878,000 Cattle(Payments to Producers) 3,920,000 Milk 2,132,150 Herring Industry 35,000 Western Highlands and Islands Transport 31,000 Tramp Shipping Subsidy 1,990,000 Civil Aviation 352,500 Light Horse Breeding 5,000 Mechanical Transport 200
2. Guarantees under legislation passed in the year 1935–36. £ London Electric Transport Finance Corporation Limited (under the provisions of the London Passenger Transport (Agreement) Act, 1935) 32,000,000 Railway Finance Corporation Limited (under the provisions of the Railways (Agreement) Act, 1935) 27,00,000 NOTE.—A detailed statement of all loans guaranteed by the British Government outstanding on 31st March, 1935, is given in the table on pages 80–83 of the Finance Accounts of the United Kingdom for the financial year 1934–35. Figures giving the position as at 31st March, 1936, will be contained in the Finance Accounts for 1935–36 which will shortly be published.
The sum advanced during the year, under the terms of the North Atlantic Shipping Act, 1934, to Cunard White Star Limited was £1,536,228.