HC Deb 15 December 1953 vol 522 c187
30. Sir H. Williams

asked the Chancellor of the Exchequer whether the index of production for engineering is based on value or volume.

Mr. R. A. Butler

The index of production for engineering, shipbuilding and electrical goods, like the rest of the Index of Industrial Production, is a measure of the volume of output.

Sir H. Williams

Will my hon. Friend say how the volume of output is measured in the case of many engineering companies, such as one of which I am a director, as they have no means of measuring volume?

Mr. Butler

If the hon. Baronet is to discuss this matter, he should read the Index of Industrial Production, published for the Central Statistical Office by Her Majesty's Stationery Office, October, 1952, price 2s. 6d.

Sir H. Williams

As I have not a half crown left, may I ask Question No. 31?