§ Mr. Thorntonasked the President of the Board of Trade what is his latest estimate of the cost to the Exchequer of applications received to date for re-equipment grants under the terms of the Cotton Industry Act, 1959.
§ Mr. ErrollI am informed that to date the Cotton Board has received applications covering expenditure, incurred or proposed, to the amount of £50 million; assuming all of these projects go ahead, the Government's contribution will be about £12.5 million.