§ 39. Mr. de Ferrantiasked the Chancellor of the Exchequer on what grounds the application from Morecambe Shrimp Sellers Ltd. for £813 towards the cost and installation of a shrimp peeling machine, as recommended by the Development Commission, was rejected.
§ The Financial Secretary to the Treasury (Sir Edward Boyle)Because my right hon. and learned Friend is not satisfied that the Development Fund is the proper source for assistance of this kind.
§ Mr. de FerrantiIn view of the fact that support continues to be given to the white fish industry, is my hon. Friend aware that this decision will be regarded as both parsimonious and illogical? Will he be prepared to show greatness by changing his mind?
§ Sir E. BoyleNo, Sir, certainly not. It is not usual to make advances from the Development Fund when an alternative source of finance exists. I do not say that the White Fish Authority would make a grant in this case, but it is empowered to do so and is perfectly qualified to reach a decision on the merits of the case.