HC Deb 13 February 1962 vol 653 cc1111-2
26. Mr. Boyden

asked the Chancellor of the Exchequer if, in view of Great Britain's continuing balance of trade difficulties he will take fiscal steps to encourage the long-term development of non-ferrous metal mining in Great Britain.

Sir E. Boyle

My right hon. Friend has noted the hon. and learned Member's suggestion, but after full consideration last year he has reached the conclusion that he could not justify giving special tax reliefs for this purpose. I am afraid that our view on the matter remains unchanged.

Mr. Boyden

Would not the hon. Gentleman agree that the fluctuation in the price of tin, for example, and the supply of tin, makes nonsense of the British policy. When we do not have a steady long-term policy with relation to this and other matters, would not it be better for the national interest if this were planned over a period?

Sir E. Boyle

I know the sincere feelings held by hon. Members on both sides of the House about this. I ask the hon. Gentleman to look at the debates on the Finance Bill last year. My right hon. and learned Friend came to his conclusion after a great deal of thought, and he does not feel that he can change his mind now.