HC Deb 31 January 1961 vol 633 c109W
Mr. Hector Hughes

asked the Chancellor of the Exchequer if he is aware that the present investment allowance for British shipping is prejudicial to forward planning in the shipping industry; and if he will take steps to increase and stabilise this allowance in a way which will not prevent British shipping from competing on equal terms with foreign shipping.

Mr. Selwyn Lloyd

I do not believe the suggestion in the first part of the hon. and learned Member's Question. As regards the second part, I cannot anticipate my Budget statement.