HC Deb 01 June 1962 vol 660 c161W
Mr. Thornton

asked the President of the Board of Trade what is his latest estimate of the cost to the Exchequer of applications received to date for re-equipment grants under the terms of the Cotton Industry Act, 1959.

Mr. Erroll

I am informed that to date the Cotton Board has received applications covering expenditure, incurred or proposed, to the amount of £50 million; assuming all of these projects go ahead, the Government's contribution will be about £12.5 million.

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