34. Mr. Philips Price
asked the Secretary of State for the Colonies whether he is aware that the exhaustion within a short time of the Colonial Development Fund is causing difficulties in planning scientific research and agricultural improvement schemes in the Colonies; and whether he will consider further action to overcome this difficulty.
§ Mr. Lyttelton
Although the greater part of the £140 million provided under the Colonial Development and Welfare Acts is already committed, only £58 million has so far been spent. I realise that difficulties will arise in planning future developments as the uncommitted funds are used up and the expiry date of the Acts approaches, and I shall in good time be considering in consultation with my right hon. Friend, the Chancellor of the Exchequer, what action I can usefully take in the matter.