§ 50.Sir H. Legge-Bourkeasked the Minister of Technology what is his policy in respect of the activities and financing of the National Research Development Corporation; what effects devaluation of the £ sterling and its attendant measures are expected to have on capital expenditure previously authorised; how many industrial contracts will be suspended; and which particular projects have already been and are likely to be affected.
§ Mr. Benn:Devaluation in itself is likely to have little effect on the activities of the Corporation except to provide an added stimulus to export promotion and import saving projects. The Corporation may be affected, as may other investing organisations, by the other measures which were taken at the time of devaluation. But I understand that at present they cannot identify any particular projects which would be so affected.