Public Investment

Part of the debate – in the House of Commons at 12:00 am on 9 November 1960.

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Photo of Sir Gerald Nabarro Sir Gerald Nabarro , Kidderminster 12:00, 9 November 1960

I am in some confusion as to whether the large figures to which my right hon. and learned Friend has alluded, in respect of the investment programmes of nationalised industries—particularly delineated in Part II of the White Paper—include or exclude the contributions made by each industry from its own resources, or whether the figures quoted are in respect of new borrowing only.