§ 52. Mr. Dugdaleasked the Chancellor of the Exchequer what control is exercised by the Treasury over the use of the £2,311 million provided by way of 62W subsidies to private industry and agriculture between 1st April, 1951, and 31st March, 1959.
§ Sir E. BoyleThe Treasury participates in determining and revising the purposes for which grants and subsidies should be paid and the conditions of payment. Once the payments have been made the question of further Treasury control often does not arise, because many of the grants and subsidies are made towards the cost of current operations and current deficiencies under the price guarantees. On the other hand the level of subsidy is one of the factors taken into account annually in determining future support policy. In other cases various means are adopted to safeguard the public interest, for example systems of progress payments subject to satisfactory performance of special conditions written into agreements between private companies and the Government.