asked the Minister for Industry and Commerce if he will state (a) the amount of bank overdraft of Tea Importers Limited for the years 1951-52 and 1952-53; (b) the amount paid in interest for such bank overdraft for each of the above years, and (c) the trading loss for each of those years.
Ceisteanna—Questions. Oral Answers. - Tea Importers Limited Overdraft.
(a) The total indebtedness of Tea Importers Limited to their bankers at the 31st March, 1952, was £5,136,072 and at the 31st March, 1953 £3,568,358; (b) the cost of bank accommodation in the year to 31st March, 1952 was £127,211 and in the year to 31st March, 1953, £197,555; (c) Tea Importers Limited is a non-profit making company and in the trading year to the 31st March, 1952, received payments from the Exchequer to enable it to sell rationed tea to retail at a subsidised price. The final amount of subsidy to which the company is entitled in the trading year to the 31st March, 1953 has not been determined.