§ 7. Mr. Sutcliffeasked the President of the Board of Trade whether it is proposed to take any additional steps to assist and stimulate the provision of new buildings and equipment for the cotton industry.
Mr. H. WilsonIt was made clear, when the Cotton Spinning (Re-equipment Subsidy) Act, 1948, was passed, that the assistance to be given to the spinning section was of a special nature and was intended to be part of a co-operative effort to place that section on a sound footing. I do not think any other measure of financial assistance is now required.
§ Mr. SutcliffeIs the right hon. Gentleman bearing in mind the fact that the time-limit for the present scheme has nearly expired, and that to formulate plans for the future it is necessary to begin thinking now, as it takes a considerable time to put a scheme into effect?
Mr. WilsonThe time-limit has been already extended. I was hoping that people in Lancashire were thinking about the future many years ago and were not waiting until 1950.