West Ham Guardians (Loans).

Part of Oral Answers to Questions — Agriculture. – in the House of Commons on 28th July 1924.

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Photo of Mr Arthur Greenwood Mr Arthur Greenwood , Nelson and Colne

The facts are as stated by my hon. Friend. The total of the advances made to the guardians amounts to £1,400,000. These loans were made at the current market rate of interest for loans of similar currency, and no question of profit arises.