THIS DOCUMENT IS THE PROPERTY OF HIS BRITANNIC MAJESTY'S GOVERNMENT SECRET. L.P. (42)141. 24th June, 1942. WAR CABINET LORD PRESIDENT'S COMMITTEE COPY NO. 57 PROPOSALS FOR THE FILM INDUSTRY Memorandum by the Chancellor of the Exchequer and the President of the Board of Trade. 1. On the 20th February, 1941, the Committee considered a paper (L.P. (41) 32) by the then President of the Board of Trade proposing that 9. Films Commission should be set up and special arrangements made to provide credit facilities for British film production.