Cotton Spinning (Re-Equipment Subsidy)

Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 3 November 1949.

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Photo of Sub-Lieutenant Herschel Austin Sub-Lieutenant Herschel Austin , Stretford 12:00, 3 November 1949

asked the President of the Board of Trade if he will give details of the financial cost of subsidies granted under the Cotton Spinning (Re-Equipment Subsidy) Act in its first year of operation.

Photo of Mr Harold Wilson Mr Harold Wilson , Ormskirk

No payment of subsidy under the Cotton Spinning (Re-Equipment Subsidy) Act, 1948, was made in the year ending 13th May, 1949, but one claim has since been paid and claims affecting four other mills are under consideration. Modernisation plans have so far been approved for 44 mills out of a total of 270 in groups registered for the purposes of the Act and plans for a further 12 mills are under consideration.

Photo of Mr Anthony Greenwood Mr Anthony Greenwood , Heywood and Radcliffe

Would my right hon. Friend consider publishing in the OFFICIAL REPORT a list of the undertakings which have benefited in this way?

Photo of Mr Harold Wilson Mr Harold Wilson , Ormskirk

I should like to give consideration to that question.