HC Deb 17 February 1960 vol 617 cc122-3W
Mr. Thornton

asked the President of the Board of Trade (1) what percentages of the machinery to be scrapped, namely, spinning spindles, doubling spindles and looms, under the Cotton Industry Act, 1959, were already stopped or out of production at the latest convenient date; and, in respect of each category of those already stopped what are the percentages of discount, standard, or premium rate compensation;

(2) what percentages of spinning spindles, doubling spindles and looms to be scrapped under the provisions of the Cotton Industry Act, 1959, were still operating at the latest convenient date;

(3) his estimate of the percentages of spinning spindles, doubling spindles and looms still running, but to be scrapped under the provisions of the Cotton Industry Act, 1959, which will attract compensation at the standard or premium rates.

Mr. J. Rodgers

I understand that, at 12th February, the Cotton Board had received scrapping certificates in respect of 39 per cent. of the spindles, 41 per cent. of the doubling spindles, and 30 per cent. of the looms to be scrapped under the respective reorganisation schemes. They do not know to what extent the other machinery in respect of which compensation has been applied for is still running or the proportions which will qualify for compensation at the various rates.

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