HC Deb 02 May 1963 vol 676 c1475

[Queen's Recommendation signified]

Considered in Committee under Standing Order No. 84 (Money Committees).

[Sir ROBERT GRIMSTON in the Chair]

Resolved, That, for the purposes of any Act of the present Session to make further provision for the payment of grants under the Local Employment Act 1960 towards the cost of machinery, plant and buildings required by undertakings in development districts, it is expedient to authorise the payment out of moneys provided by Parliament of any expenses incurred by the Board of Trade under or by virtue of any provision of the said Act of the present Session—

  1. (a) authorising the payment of grants towards expenditure incurred on or after 3rd April 1963 in equipping with machinery or plant industrial undertakings in development districts within the meaning of the said Act of 1960, being grants of an amount equal to 10 per cent, of the cost of acquiring and installing the machinery or plant;
  2. (b) directing that the amount of any grant to be made under section 3 of the said Act of 1960 (building grants) shall be 25 per cent, of the expenditure incurred in providing a building or extension of a building, except in the case of applications in respect of which a grant under that section was offered before 3rd April 1963, and extending for the purposes of that section and of the said Act of the present Session the references to buildings and the provision of buildings;
  3. (c) enabling the Board to exercise their powers under sections 2 and 5 of the said Act of 1960 in relation to land in a locality which has at any time ceased to be a development district so far as may be necessary for the purpose of fulfilling any agreement entered into by the Board before that time;
and the payment into the Exchequer of any receipts of the Board under or by virtue of the said Act of the present Session.—[Mr. D. Price.]

Resolution to be reported.

Report to be received Tomorrow.

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