§ Mr. Titteringtonasked the President of the Board of Trade whether he is yet in a position to state in what class of case he will authorise the proposed National Film Finance Corporation to make loans.
§ Mr. H. WilsonI propose, as soon as the Corporation is set up, to authorise the directors to make loans to companies organised to carry out a programme of production of cinematograph films and equipped with the necessary experience in a relevant type of production, provided that there is an adequate amount of private investment ranking behind any money lent by the Corporation. In making loans, the Corporation will not only impose such particular terms and conditions as the directors may think applicable to each company, but will also require to be satisfied on such general points as arrangements for distribution of the films and deferment of certain payments, e.g. producer's remuneration, until other costs have been recovered.