§ 4. Mr. Ridleyasked the Minister of Power what is to be the curtailment in the capital expenditure programmes of each of the three nationalised industries under his control, as announced on 18th November, 1967.
§ Mr. MarshI would refer the hon. Member to the reply given to the Questions by the hon. Members for Honiton, (Mr. Emery), Cambridge (Mr. Lane) and Sheffield, Hallam (Mr. J. H. Osborn) on 30th January.—[Vol. 757, c. 252.]
§ Mr. RidleyWhy does not the right hon. Gentleman feel that if, in the long term, the level of investment in the nationalised industries as a whole is considered excessive, the proper course would be to adjust the test discount rate?
§ Mr. MarshThe hon. Gentleman's Question is a clear one,
To ask…what is to be the curtailment in the capital expenditure programmes of each of the three nationalised industries …This is a- question of curtailing specific projects. This has been done and the figures have been given to the House.