§ 24. Mr. Geoffrey Lloydasked the First Secretary of State and Secretary of State for Economic Affairs whether he has yet met representatives of the motor industry in accordance with the undertaking 1461 given by the Chancellor of the Exchequer to discuss the effect of the rise in Bank Rate on the ability of the industry to finance stockpiling production during the winter months.
§ Mr. CroslandThe meeting of the N.E.D.C. on Wednesday next will provide an opportunity to discuss these and other problems.
§ Mr. LloydWill the Minister's right hon. Friend bear in mind that in this industry it is most important to maintain a large volume of production because that is the way to get low marginal costs and to make possible effective entry into the export market?
§ Mr. CroslandYes, Sir; we are very much aware of that.