I welcome that reply. I am sure that people in Wales will welcome the setting up of a Welsh development agency. As the previous Government discontinued the building of the new town of Llantrisant, will my hon. Friend give special regard to attracting industry and employment to the heads of the valleys of South Wales? In particular, will he have in mind—as the Welsh Office has recently sanctioned clearance of a large derelict area in the Cynon Valley, between Aberdare and Mountain Ash—attracting new industry there? The area is ideal for industrial development.