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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 existing grants are building up wealth for the future and that is fine, but the Amendment would assist extraction at the moment and enable timber to be got out more efficiently and therefore more cheaply. It would be of direct help to the balance of payments. Not only has the right hon. Gentleman put this point in a discouraging way but the point itself is wrong.