§ 50. Mr. Harold Daviesasked the Chancellor of the Exchequer the figures showing the authorised capital expenditure on new plant per person employed in manufacturing industry in Great Britain for the years 1948, 1949, 1950, 1951 and 1952, and the estimates for 1953 and 1954.
§ Mr. R. A. ButlerCapital expenditure by manufacturing industry in Great Britain on machinery, vehicles and buildings per person employed, in 1948 to 1952, was as follows:
£ 1948 50 1949 54 1950 60 1951 70 1952 75 The figures represent actual capital expenditure based on returns made by firms. During the period in question there has been no direct control of expenditure on machinery by private manufacturing industry, although new building is of course subject to licensing. For this reason I am not in a position to provide forecasts of expenditure in 1953 and 1954.