§ 119. Mr. Haleasked the Minister of Supply on what terms and conditions the Government factory at Barton is let to Textile Machine Makers Limited; and what is the duration of the lease.
§ Mr. J. JonesThis factory has been leased to Messrs. Platt Bros. & Company, Limited, for a period of ten years from 1st August, 1946, with the usual option to take a further lease for a longer term. The terms of the lease follow substantially the lines of the standard lease for Government surplus factories and provide for a short-period rent based on 1939 values, to be adjusted later in accordance with current market value. They also include covenants by the lessee for full repair and insurance and for payment of all outgoings, and prohibitions against assignment or sub-letting and the use of the factory for purposes other than those for which it has been leased.