§ 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.