§ 68. Mr. Stratton Millsasked the Chancellor of the Exchequer if he will now make a statement on the new range of inducements to industry in Northern Ireland.
§ Mr. Maurice MacmillanDiscussions with the Northern Ireland Government about their proposals for industrial incentives have now been completed, and I understand that a statement is likely to be made in Stormont today.
My right hon. Friend proposes that the system of capital allowances for tax purposes announced in the White Paper on investment incentives (Cmnd. 4516) should apply in Northern Ireland in the same way as in development areas in Great Britain, subject to broadly similar transitional arrangements for expenditure 389W qualifying for investment grants or for Industries Development Act assistance; with my right hon. Friend's authority the Northern Ireland Government are indicating this in their statement.