§ Mr. Richard Wainwright
asked the Secretary of State for Industry what consideration has been given by his Department to the introduction of anti-cyclical measures, such as a minimum price scheme to promote stability in the waste paper market.
§ Mr. Cryer
The Department has considered proposals for assisting paper and board manufacturers to build up stocks of waste paper at time of low demand. Rather than give assistance in this way, the Department concluded that its most effective contribution towards a greater assurance of continuity in demand for waste paper and its increased recycling would be to encourage the paper and board industry to invest in capital plant and to expand recycling technology. A £23 million scheme of financial assistance for the industry was accordingly announced on 15th June 1976.