Cotton Spinning (Re-Equipment Subsidy)

Part of 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 Mr Harold Wilson Mr Harold Wilson , Ormskirk 12:00, 3 November 1949

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.