§ 13. Mr. Ridsdaleasked the Minister of Power whether he will make a statement on future investment policy in the gas, coal and electricity industries.
§ Mr. FreesonThis is as stated in White Papers Cmnd. 3437 and 3438.
§ Mr. RidsdaleBut is the hon. Gentleman not being rather inflexible in this policy? Does not the rapid expansion of gas investment during 1968–73, both on conversion and on capacity, render the subsequent large investment in electricity rather unnecessary?
§ Mr. FreesonThe hon. Member could not have heard my Answer. I 673 referred, quoting the White Papers concerned, among other things to the White Paper on Fuel Policy, which lays down the guide lines for investment, and we are sticking to them.