HC Deb 07 March 1961 vol 636 cc235-6
17. Mr. Thornton

asked the President of the Board of Trade how many approved applications under the Cotton Finishing Reorganisation Scheme Orders have been made direct to the Cotton Board; how many have been made through realisation companies; what is the estimated cost to the Exchequer of the closing down and scrapping of production units; and what percentages of the whole cost will be met by the Exchequer and by statutory levy on the industry.

18. Mr. Thornton

asked the President of the Board of Trade if the minimum figures required to attract compensation from public funds have been reached in respect of the Cotton Finishing (Yarn Processing) Reorganisation Scheme Order, 1960, and the three subsections of the Cotton Finishing (Woven Cloth) Reorganisation Scheme Order, 1960; and if he will make a statement.

Mr. N. Macpherson

The information is not yet available, since the Cotton Board has not yet completed its scrutiny of the applications. My right hon. Friend understands that it will do so shortly.

Mr. Thornton

Will the accounts of the realisation companies subsequently be subject to the scrutiny of the Comptroller and Auditor General?

Mr. Macpherson

That is another question, and I should be grateful if the hon. Gentleman will table it.