Revolving Fund for Industry (Applications)

Part of Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 8th April 1954.

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Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth 12:00 am, 8th April 1954

Three hundred and twenty-one applications for loans from the Revolving Fund for Industry had been received up to the end of March, and the Advisory Committee set up to examine them had recommended loans in 32 cases, subject to negotiation of the necessary agreements. These negotiations are in various stages and in a few cases are approaching completion. The average amount of the loans recommended is approximately £10,000.