§ 16. Mr. Nabarro
asked the Minister of Fuel and Power the commencing date for granting loans to industry in a total sum of £1,000,000 for fuel-economising equipment and insulation of industrial buildings; what is the prescribed completion date for installation of such equipment in accordance with his recent announcement; what is the administrative machinery of his Department for approving such loans; whether prior approval of the Fuel Efficiency Branch of his Department will be required; and whether he will publish in the OFFICIAL REPORT full details of this proposed scheme to embrace coal, electricity, gas and fuel oil conservation in industry.
§ Mr. Geoffrey Lloyd
The detailed arrangements are being worked out, and I hope to announce them shortly.
§ Mr. Nabarro
Will my right hon. Friend bear in mind the implications of the recent Budget statement, particularly 1901 in regard to the possibility of whether interest charges in respect of these loans will be admitted by the Inland Revenue as a charge for the purpose of computing liability to Income Tax, Profits Tax, and Excess Profits Levy?
§ Mr. Philip Noel-Baker
Does the right hon. Gentleman's reply mean that this is in the nature of an experiment, and that if it succeeds the sum will be increased?