Oral Answers to Questions — McGRIGOR'S BANK.

Part of the debate – in the House of Commons on 24th November 1922.

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Lieut.-Colonel GUINNESS:

As I explained, there is no legal liability. In view of the fact that these Army agents carry out this work without any grant from the public funds to enable them to do so, the State during the War made a large profit out of the transaction, and the amount saved to the public by Army agents carrying out this work on behalf of the officers far exceeded the total amount which it is proposed to recommend be granted in this case.