HC Deb 31 January 1963 vol 670 cc228-9W
84. Mr. Thornton

asked the President of the Board of Trade what will be the cost of Treasury funds, under the terms of the Cotton Industry Act, 1959, of firm orders already placed for new machinery.

Mr. Erroll

Just over £4 million has now been paid out against claims for re-equipment grants. I have no record of the value of firm orders placed for new machinery but for which no claim has yet been made.

85. Mr. Thornton

asked the President of the Board of Trade what will be the cost to Treasury funds if all the applications for re-equipment grant go ahead, under the terms of the Cotton Industry Act, 1959.

Mr. Erroll

If all applications were approved and carried out within the terms of the Act the figure would be about £29 million.