HC Deb 06 June 1940 vol 361 c995
Mr. Lees-Smith

(by Private Notice) asked the Chancellor of the Exchequer whether he will take steps to secure that the production of munitions is not delayed by the lack of financial resources?

Sir K. Wood

Yes, Sir. All causes of delay in the production of munitions must be eliminated. In some cases firms, whether Government contractors, subcontractors or others, concerned in munitions production may find themselves handicapped by the lack of money for wages and materials. This possible difficulty is fully appreciated alike by the Government and by the banks, and measures have been completed to meet it where it arises. Contractors, sub-contractors and others are advised to consult their banks when necessary. The system of progress payments while the work is going on, which is a common feature in Government contracts, is being extended to the fullest extent necessary. Government contractors and sub-contractors are requested to see to it that firms with whom they place sub-contracts receive payments on account in the same way.