§ Mr. Hydeasked the Chancellor of the Exchequer what guidance he has given to the Capital Issues Committee about proposals for capital investment in Northern Ireland.
§ Mr. H. MacmillanI have written the following letter to the Chairman of the Capital Issues Committee:
DEAR LORD KENNET,
I have lately been considering the need for more capital investment in Northern Ireland. There, in contrast to the rest of the U.K. are unused resources which might be developed for the benefit of our economy as a whole. I am therefore writing to let you know that the Treasury will be ready in principle to consent to proposals to raise money exclusively for investment in Northern Ireland, provided that the proposals are otherwise acceptable to the Capital Issues Committee and that the raising of such money does not allow the applicants existing resources to be used for a purpose for which the Committee would not recommend consent.
Yours sincerely,
(Sgd.) HAROLD MACMILLAN.