HC Deb 07 December 1948 vol 459 cc265-6
47. Mr. McFarlane

asked the Chancellor of the Exchequer what proportion of the Capital Investment Programme under the Economic Survey for 1948 is to be carried out in Scotland; and what does this represent in terms of current money values.

The Chancellor of the Exchequer (Sir Stafford Cripps)

It is not possible to analyse all kinds of investment by areas, but for those programmes where the Scotttish share can be distinguished, it is estimated, very roughly, that in 1948 gross investment in fixed capital will be about £140 million, or between 10 per cent. and 11 per cent. of the corresponding total for the United Kingdom.

Mr. McFarlane

Will the right hon. and learned Gentleman agree that it is erroneous and misleading to speak of a capital investment programme for Scotland as such?

Sir S. Cripps

Certainly. It would not be possible to distinguish.

Mr. Maclay

Were the figures given arrived at after consultation in Scotland with any organisations outside the Scottish Office?

Sir S. Cripps

I understand that the Scottish Office is in constant consultation with many organisations.

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