§ Mr. McAdden
asked the Paymaster-General what change of policy he has in mind in regard to the type of projects eligible for loans under the Government Fuel Saving Loans Scheme.
§ Sir I. Horobin
In present circumstances the resources available for the Government Fuel Saving Loans Scheme are necessarily restricted and must be concentrated on schemes most likely to be of direct benefit to the country particularly those leading to a reduction in the demand for large coal.
In future, the amount of any loan will not exceed £25,000. Within this limit provision will continue to be made for schemes which do not involve any change in the fuel used. Loans for conversions from one type of fuel to another, however, will only be approved where there is a worthwhile fuel saving, and where the change will release substantial quantities of large coal in relation to the capital expenditure involved.