§ 77. Mr. Holtasked the Paymaster-General if he will give a general direction to the National Coal Board to cut its prices in order to stimulate demand and reduce surplus stocks.
§ Sir I. HorobinNo. Such matters are primarily for the commercial judgment of the National Coal Board which is well aware of the need to sell at competitive prices. But the question the Board has to consider is whether further general price reductions would increase demand sufficiently to offset a fall in total proceeds.