Oral Answers to Questions — United Kingdom Commercial Corporation, Limited

– in the House of Commons on 25th November 1942.

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Photo of Mr William Brown Mr William Brown , Rugby

asked the Chancellor of the Exchequer what is the constitution of the United Kingdom Commercial Corporation; whether it operates wholly with moneys provided by His Majesty's Government or whether it includes also private investments; and by whom its directors are appointed?

Photo of Captain Harry Crookshank Captain Harry Crookshank , Gainsborough

Regarding the constitution of United Kingdom Commercial Corporation, Limited, I would refer my hon. Friend to the answer given by my right hon. Friend's predecessor to the hon. Member for the Moseley Division (Sir P. Hannon) on 4th April, 1940. Since the occupation of the Balkans by the enemy, the operations of the Corporation have been extended to many parts of the world. The funds of the Corporation are wholly provided by the Treasury, and its Directors are appointed by the Board, with the concurrence of His Majesty's Government.