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Part of Orders of the Day — SCOTTISH DEVELOPMENT AGENCY (No. 2) BILL [Lords] – in the House of Commons at 12:00 am on 21st October 1975.

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Photo of Mr Teddy Taylor Mr Teddy Taylor , Glasgow Cathcart 12:00 am, 21st October 1975

I was coming to the end of my speech, Mr. Deputy Speaker. I was pointing out—this is directly relevant to new Clause 2—that we were very concerned to ensure that money was wisely spent in this regard and that there should be accountability. I said that we were concerned about the extent of State participation in industry, about the amount which was being spent, and about the way in which a considerable burden was being put upon the private sector of industry.

I mentioned the views of the CBI. Unless we can have an indication that that Government accept the new clause in principle there will be very real concern in the private sector of Scottish industry about its future. We want to encourage private industry to invest and ensure that the burdens on it will not be intolerable. I hope that the Minister who replies to this debate will at least be able to say that he accepts the principle behind the new clauses and the amendment. If they are incorporated into the Bill, many of the fears of the private sector will be removed.