57. Lord HENRY CAVENDISH-BE NTINCKasked the Chancellor of the Exchequer whether, in view of the admitted need for the elimination of obsolete plant and methods of production in industry, particularly in the coal and iron and steel trades, he will revise the machinery of the Trades Facilities Act for making loans for this purpose?
§ Mr. CHURCHILLNo, Sir; the Trade Facilities Act expired on the 31st March last, and there is no intention of reviving it.
§ Mr. DIXEYDoes not the right hon. Gentleman think that a necessary precedent to any improvement in the iron and steel trades of this country is a measure of safeguarding for those industries?
§ Mr. CHURCHILLThat question has been several times discussed in this House, and an answer has been given on behalf of the Government by the Prime Minister.