§ Mr. Costainasked the President of the Board of Trade what investment grants were paid in each of the quarters of 1966 and 1967, indicating in each case the periods in which the underlying expenditure was incurred.
§ Mr. Darling:The first payments of investment grants were made on 1st April, 1967. Payments made in the second, third and fourth quarters of 1967 were as follows:
£ Second quarter 32,230,829 On expenditure in the first quarter of 1966. Third quarter 55,707,625 £12 7m. on expenditure incurred in the first quarter and £43m. on expenditure incurred in the second quarter of 1966. Fourth quarter 118,594,697 Payments relate substantially to expenditure incurred in the third and fourth quarters of 1966 for which combined claims were invited. Some claims however covered expenditure over the whole of 1966; and payments respectively of £6m. and £14m. were made specifically on expenditure in the first and second quarters.