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Clause 1. — (Machinery and Plant.)

Part of Orders of the Day — Industrial Development Bill – in the House of Commons at 12:00 am on 11th August 1966.

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The Amendment is concerned with increased efficiency of the industry. We have a series of grants, the most important of which is a grant for the planting of new forests. In other words, the emphasis on grants under the present system is entirely on the capital installation of new forests. What is needed in the emphasis in future is held towards the efficient extraction of existing forests. Assistance in this direction would be a direct and immediate assistance to the balance of payments.