Orders of the Day — National Coal Board (Additional Powers) Bill

Part of the debate – in the House of Commons at 12:00 am on 1st November 1966.

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Photo of Mr John Peyton Mr John Peyton , Yeovil 12:00 am, 1st November 1966

It may be so, but not a direct rival of this kind. The Board has a very large monopoly in coal. At the moment it faces a considerable crisis. Within the last 12 months it has had to come to Parliament for an immense measure of financial assistance. In such circumstances it is wholly wrong that it should be permitted to divide its attentions and energies and go off in another and wholly new uncharted direction. I hope very much that before Parliament accepts the Bill we shall think again as to whether the investment which will be necessary is in any way justified.