§ Mr. Luardasked the President of the Board of Trade whether any decision has yet been made on the application made on behalf of car hire firms with substantial foreign currency earnings, for some relaxation in the hire-purchase restrictions.
§ Mr. JayYes. In view of the importance of the tourist trade as an earner of foreign currency the Board of Trade is prepared to consider applications from car hire firms to buy cars on hire purchase with a minimum deposit of 25 per56W of Trade Advisory Committee for Government assistance made by industrialists seeking to establish businesses in Wales in each of the years 1963, 1964, 1965, and 1966;
(2) how many applications to the Board of Trade Advisory Committee made by industrialists seeking to establish businesses in Wales were allowed in each of the years 1963, 1964, 1965, and 1966.
§ Mr. DarlingThe information requested is as follows:
cent, and a maximum repayment period of 30 months. Licences will normally only be granted to car hire firms who can show that not less than 33⅓ per cent. of their turnover is in foreign currency.