Oral Answers to Questions — Coal Production

Part of the debate – in the House of Commons at 12:00 am on 3rd May 1976.

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Photo of Mr Patrick McNair-Wilson Mr Patrick McNair-Wilson , New Forest 12:00 am, 3rd May 1976

While recognizing the problem which the Minister has described, may I say that the figures he has mentioned are large and are encouraging? However, in spite of the good financial figures given to us by the chairman of the board last week, does not the hon. Gentleman agree that there is now a real worry about the ability of the industry to finance the capital projects which are necessary to bring the coal to the surface without additional heavy borrowing, once again crippling the industry with an unmanageable debt?