§ 62 and 63. Mr. C. S. Taylor
asked the Minister of Supply (1) how long it is intended to continue the subsidy in respect of iron and steel scrap recovery;
(2) how far the estimated increase, from £370,000 in 1951–52 to £490,000 in 1952–53, in respect of administration and transport of iron and steel scrap, is now likely to be realised.
§ Mr. Sandys
The Government have not for a long time paid any subsidy for scrap. However, it collects and sells to the British steel industry Government-owned ships for scrapping and scrap lying overseas. Owing to an increase in the amount of such scrap which has become available, it is estimated that the costs of recovery will rise to about £600,000 in 1952–53. The amount to be paid by the steel industry for this scrap will of course greatly exceed these costs.