Orders of the Day — Customs (Import Deposits) Bill

Part of the debate – in the House of Commons at 12:00 am on 17th November 1969.

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Photo of Mr Terence Higgins Mr Terence Higgins , Worthing 12:00 am, 17th November 1969

Yes, but that was not entirely my point. I agree that in many cases the point the hon. Gentleman makes about liquidity may be true, but my point was that the cost of financing the deposit on top of the cost of financing capital investment might be greater than the profits of the concern, particularly if it is perpetuated over more than a year.