§ 101. Major Bruceasked the Chancellor of the Exchequer whether he will give an estimate showing the figures for gross and net capital investment in Britain from the end of the war to 30th June, 1948, valued at September, 1945, price levels.
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§ Mr. JayEstimates of capital investment are not available in the form required by my hon. and gallant Friend. Gross investment in fixed capital, at 1948 prices, was estimated to be roughly £1,550 million in 1946; £1,900 million in 1947 and are expected to be £2,000 million in 1948.
§ 102. Major Bruceasked the Chancellor of the Exchequer whether it is proposed to issue a White Paper showing the projected capital investment programme for 1949.
§ Mr. JayThe capital investment programme for 1949 will be dealt with in the Economic Survey for 1949 which will be published next year.