HC Deb 13 July 1964 vol 698 cc182-3W
Mr. Thornton

asked the Secretary of State for Industry, Trade and Regional Development what was the total commitment of Treasury funds, at 8th July, 1964, in respect of the reorganisation and re-equipment phases of the Cotton Industry Act, 1959.

Mr. Heath

By 8th July, 1964, payments by the Board of Trade under the reorganisation and re-equipment provisions of the Cotton Industry Act, 1959, amounted to £11.2 million and £8.4 million respectively—a total of £19.6 million. The final cost of this assistance to the industry will not be known for a considerable time but, on the basis of indications given by an enquiry made by the Cotton Board last autumn, may reach about £26 million.

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