§ 50. Mr. Osborneasked the Chancellor of the Exchequer what industries are 982 receiving subsidies; and how much per annum they each receive.
§ Sir S. CrippsI will, with permission, circulate a list in the OFFICIAL REPORT.
§ Mr. OsborneIf world prices continue to increase, will it be the policy of His Majesty's Government to increase the subsidies, or to keep them as they are?
§ Sir S. CrippsThat is another question.
§ Following is the list:
| Subsidies to Industries 1947–48. | |
| £ | |
| Iron and Steel | 7,500,000 |
| Ferro-chrome | 100,000 |
| Magnesium | 250,000 |
| Aluminium | 750,000 |
| Watch-making and jewel manufacturing | 320,000 |
| Cotton spinning | 1,500,000 |
| Coal stocking | 350,000 |
| Fuel oils and kerosene | 25,000 |
| Canals and canal carriers | 810,000 |
| Coastal shipping | 710,000 |
| Agriculture | 17,981,000 |
| Herring industry | 98,000 |
| Civil Aviation | 7,662,000 |
§ The above list shows the amounts included in the Estimates which have been voted by Parliament in the current year for subsidies to particular industries, excluding ones which have been discontinued since the Estimates were approved. It does not include expenditure provided under general policies such as housing, social services, the training, resettlement and transference of labour, distribution of industry, cost of living or research. Parliament will be asked in due course to make provision for the loss arising during 1947–48 out of the control of the railways.