§ Question proposed, That the clause stand part of the Bill.
§ Mr. BrittanAt present, a small industrial workshop not exceeding 1,250 sq ft is entitled to the special 100 per cent. initial allowance instead of the normal 75 per cent. initial allowance for industrial buildings generally. The purpose of the clause is to encourage the conversion of old buildings into industrial workshops by extending entitlement to the 100 per cent. initial allowance in those circumstances to certain industrial units which are larger than 1,250 sq ft.
The effect of the clause is that, where an existing building is converted into small industrial units, and provided that the average size of those units is not more than 1,250 sq ft, the 100 per cent. initial allowance will apply to the cost of converting all the units — those which exceed 1,250 sq ft as well as those which do not.
Again in a small way, this is a measure of assistance to industry and to the construction industry and I commend it to the Committee.
§ Question put and agreed to.
§ Clause 54 ordered to stand part of the Bill.