§ 79. Mr. James Griffiths
asked the Financial Secretary to the Treasury, how many applications for financial assistance have been made to the Special Areas Reconstruction Association from its inception to the last available date; how many such applications have been given assistance and the amount of assistance given; and how many factories have thus been established and the number of persons given employment at those factories?
§ The Financial Secretary to the Treasury (Captain Euan Wallace)
In the two years between its incorporation and 18th June, 1938, the Special Areas Reconstruction Association, Limited, has received 606 applications for loans and has agreed to make 140 loans totalling £782,550; of these, 82 loans amounting to £536,900 are loans to new businesses, and the balance 924 of 58 loans amounting to £245,650 are loans for the extension of existing businesses. The amount of employment which has resulted from the work of the Association cannot be accurately estimated.