§ Mr. Hancockasked the Paymaster General how many guarantees under the small firms loan guarantee scheme have been called in since 1980.
§ Mr. TrippierAt 30 November 1985, 4,950 guarantees had been called under the loan guarantee scheme since its inception in 1981.
§ Mr. Hancockasked the Paymaster General what investigations are carried out when a guarantee under the small firms loan guarantee scheme is called in.
§ Mr. TrippierA claim under a guarantee is paid when the lender formally notifies my Department that the borrower has defaulted on the terms of the loan. My Department does not investigate the circumstances of an individual default.