§ Mr. Leslie Huckfieldasked the President of the Board of Trade what percentage of investment grants given to the machine tool industry is used for the purchase of imported goods.
§ Mr. Leslie Huckfieldasked the President of the Board of Trade whether 478W he will take steps to exclude imports of foreign machine tools from the scope of his policy of investment grants.
§ Mr. DellNo. Investment grants are an important means of encouraging investment in those sectors which can do most to help the balance of payments; and industry must be free to invest in the equipment best suited to its needs wherever it is made.