§ 88. Mr. G. Campbellasked the Chancellor of the Exchequer what is his latest estimate of the compensation which will have to be paid to the manufacturers and owners of automatic vending machines, parking meters and other meters, accounting machines, cash registers and other business machines as a result of the conversion made necessary by the change to the new decimal currency.
§ Mr. Harold Lever:The Government have said that compensation as a general principle is not acceptable. It is for the Decimal Currency Board to receive and consider representations for compensation in special circumstances. The Government will consider any recommendations the Board may make.
§ 89. Mr. G. Campbellasked the Chancellor of the Exchequer what is his latest 283W estimate of the cost to manufacturers and owners of automatic vending machines and parking meters of the changes required in order to conform with the new decimal currency to be introduced in 1971.
§ Mr. Harold Lever:On the basis of the estimates given by the Committee of Inquiry on Decimal Currency the cost of converting coin-operated vending machines would be roughly £10 million. This includes parking meters but excludes other coin-operated machines such as gas and electricity meters and Post Office mechanisms. No more recent estimates have been made; to do so would require an extensive and costly survey.