Clause 33. — (Increase of Investmeni Allowances.)

Part of Orders of the Day — Finance Bill – in the House of Commons at 12:00 am on 21st May 1963.

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Photo of Mr Hervey Rhodes Mr Hervey Rhodes , Ashton-under-Lyne 12:00 am, 21st May 1963

The hon. Member has only just entered the Chamber. He has not heard what I have been saying. I will say it again.

The people who knew what they were going to sell were the people who succeeded—just as we knew in the last century what we were going to do. The modern method which is paying off in international trade is that which is adopted by the Japanese. There is discrimination in investment in Japan. They are playing down manufactures which are declining or can be produced by underdeveloped countries.

I ask the Economic Secretary to explain more fully what he meant by the impossibility of being able to predict. If it is impossible to predict there is no hope for our export trade.