HC Deb 12 March 1948 vol 448 c1643

Considered in Committee under Standing Order No. 69. (King's Recommendation signified.)

[Mr. HUBERT BEAUMONT in the Chair.]

Resolved, That, for the purposes of any Act of the present Session to provide for the payment of grants for the re-equipment or modernisation of cotton spinning concerns, it is expedient to authorise the payment out of moneys provided by Parliament—

  1. (a) of grants to persons carrying on cotton spinning concerns in respect of expenditure incurred in re-equipping or modernising, in accordance with plans approved by the Board of Trade, cotton spinning mills comprised in those concerns, such grants not to exceed one quarter of the expenditure so incurred; and
  2. (b) of any administrative expenses incurred for the purposes of the said Act by the Board of Trade."—[Mr. Belcher.]

Resolution to be reported upon Monday next.