§ Mr. Milneasked the President of the Board of Trade if he will list the firms in the North-East who have been in receipt of Government grants and loans and have gone into liquidation.
§ Mr. DarlingInformation in this form is not readily available. It would in any event be subject to the Boards normal practice of treating as confidential details of assistance to individual firms.
§ Mr. Milneasked the President of the Board of Trade what steps are taken to recover grants and loans from firms who have gone into liquidation; and what control the Board of Trade has over the dispersal of plant, machinery and other assets.
§ Mr. DarlingThe Board of Trade may claim as secured or unsecured creditors on a liquidation. Normally the Board are secured creditors for loans under the Local Employment Acts and, subject to60W a time limit, unsecured creditors for grants. The liquidator is responsible for the disposal of assets and the payment of the net proceeds to creditors.