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Overseas Resources Development Bill

Part of the debate – in the House of Commons at 12:00 am on 6th November 1947.

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Photo of Lieut-Colonel David Rees-Williams Lieut-Colonel David Rees-Williams , Croydon South 12:00 am, 6th November 1947

The Colonial Development and Welfare Fund must provide the basic economic and social services; it cannot undertake commercial development. It will be remembered that I said that, in addition to these corporations, there would have to be services of various kinds—water, electricity, and so on. That is how I see—again with reservations—the Colonial Development and Welfare Fund acting on the development side. It will, in fact, undertake to provide basic social and economic services, and not commercial services.