§ 11. Mr. Ness Edwards
asked the Postmaster-General how much capital has been passed to the Independent Television Authority to date, and at what rate of interest; and how far any new limitations have been placed upon its development programme.
Three hundred and five thousand pounds at rates of interest varying from 31 per cent. to 5 per cent. The need for restraint in capital expenditure has been stressed with the I.T.A. as with other public authorities, and its proposals in this field will be carefully scrutinised.
§ Mr. Ness Edwards
In view of the fact that only a fortnight ago the Director-General of the I.T.A. announced a vast programme of expansion and that, following upon it, there will be a vast investment by the programme contractors, will 1832 the right hon. Gentleman keep his eye on this matter and see that he withholds licences, in that way preventing the development of this very exorbitant programme?
When the I.T.A. submits its programme, that programme will be scrutinised in relation to the Chancellor's request for restraint, like other programmes of public authorities.