Is my hon. Friend aware that the situation has changed radically since that investigation by the Estimates Committee? New machinery is being put into the Royal Mint and, simultaneously, redundancy is being declared, because of gross under-employment, at the new Mint at Llantrisant and, simultaneously, there is sub-contracting to a third institution whose prices are higher than the cost at the Royal Mint. Is not this a piece of managerial expertise, indeed managerial genius, which could be found nowhere outside Her Majesty's Treasury?
With respect to my hon. Friend, I do not think that even Her Majesty's Treasury could arrange things in quite the way he suggests. In fact, the matter is rather different, although I entirely appreciate his proper concern with the situation as it affects the Royal Mint, Tower Hill. There is no reason to believe—and we have examined this again since the Estimates Committee's Report—that the reasons why subcontracting is desirable have ceased to have relevance.
When this matter was discussed in an Adjournment debate before the Easter Recess I made it quite clear to the House that, although we are concerned with the problems of redundancy in Tower Hill, we are satisfied that the main decision has been rightly made, and that Llantrisant will provide employment for large numbers of men for a long time ahead.