§ 74. Mr. Hector Hughesasked the Chancellor of the Exchequer if he is aware of the need in North-East Scotland for new industries; and, in framing his Budget, if he will take into account the need by providing tax free exemption to new industries in that area.
§ Mr. CallaghanI have noted my hon. and learned Friend's suggestion. He will be aware that the existing provisions for free depreciation for capital expenditure are designed to encourage the establishment of new industries in development districts, which include much of North-East Scotland.