HC Deb 21 February 1951 vol 484 cc189-90W
75. Mr. Sorensen

asked the Secretary of State for the Colonies what modification is being considered in respect of assisted economic and social development in Colonial areas, either in regard to financial expenditure or the acceleration of plans.

Mr. J. Griffiths

The policy of pressing ahead with economic and social development has recently been reaffirmed by the amendment of the Colonial Development and Welfare Act to provide a further £20 million for this purpose. Although rising costs have diminished the real value of the moneys provided under this Act, on the other hand the high prices prevailing for most primary commodities have resulted in increasing the resources locally available in many territories. The scale and pace of development wilt depend largely on the extent to which the Colonies' requirements of capital and consumer goods can be met.