Will the hon. Gentleman confirm that investment in the tourist industry is now probably the easiest and cheapest way of creating new employment in Wales? Will he confirm also that the amount he has mentioned is woefully inadequate and is already totally taken up by applications which have been pending for over 12 months awaiting the approval of the tourist board, and that a doubling of this sum would mean that a very large number of new jobs could be created in many areas?
Would not the hon. Gentleman agree that the imposition of value added tax could have harmful effects on employment and the revenue in the tourist industry, entailing the need for more grants from the tourist board? Does he realise that revenue from tourism in Wales in 1971 was £128 million, which underlines the belief that this needless tax will have a damaging effect on the industry?
Is not my hon. Friend aware that a large number of projects have been held up because of the exhaustion of funds in the hotel improvement grant scheme? Will he, as many of my hon. Friends have pressed him to do, take another look at the whole matter?
I do not disagree when my hon. Friend says that the tourist industry is of the greatest importance to Wales, but I repeat that the funds coming from the Government are very encouraging.
Is not the hon. Gentleman aware that the half truth of his reply to his hon. Friend the Member for Flint, West (Sir A. Meyer) did him no credit? Is he aware that to expenditure on tourism in Wales during 1970–71, the period he mentioned, there should be added expenditure on the hotel development grants scheme, an open-ended grants scheme? The hon. Gentleman gains nothing by not giving the full picture.