§ Another part of our trade policy is that connected with technical instruction in the promotion of industrial research and invention. That is a vital part of any successful trade policy. During the War we have discovered how much we suffered from the fact that Germany had spent considerable sums of money upon technical instruction and research and invention, and I hope that that lesson will not be lost upon this country. Another proposal will be in connection with power production. To this we attach very considerable importance. There is a Bill before Parliament which deals with the question of electrical power. I hoped that Parliament would have carried that through before the Recess. It would have made a considerable difference in the working of our trade policy, because the sooner we organise the electric power of this country on a more satisfactory basis, the better it will be for the industries of this country. However, it was found impossible to carry this with other Bills.