HC Deb 05 February 1958 vol 581 cc188-90W
Colonel Lancaster

asked the Chancellor of the Exchequer what provision he proposes to make for meeting the capital requirements of the nationalised industries after 31st March 1958, when the powers to make Exchequer advances expire.

Mr. Maudling

The Government propose shortly to introduce a Bill allowing the present powers to be exercised until the end of August, but only within the limit of money already authorised. This will give time to consider the future of this method of financing these industries in the context of the Government's general policies, and to include any necessary provisions in the Finance Bill.