§ 68. Mr. H. Hyndasked the President of the Board of Trade to what extent he proposes to make it a condition of payment of subsidy under the Cotton Industry Reorganisation Scheme that new textile machinery will have to be of British manufacture.
§ Mr. J. RodgersWe expect the bulk of the machinery required to be bought in this country, but my right hon. Friend is not prepared to restrict the freedom of textile firms to buy the machinery which is best suited to their needs.
§ 71. Mr. H. Hyndasked the President of the Board of Trade whether he is aware of the undesirability of the buying and selling of textile mills by persons concerned solely with qualifying thereby for compensation under the Cotton Industry Reorganisation Scheme; and what action he is taking to prevent this being done.
§ Mr. J. RodgersI am sure that when the time comes to prepare detailed schemes the proposed agency and the industry will have fully in mind the 25W undesirability of providing for compensation except where this is essential in order to get rid of excess capacity.