§ 91. Mr. William Hamiltonasked the Chancellor of the Exchequer what sums of public money were paid to private industry in subsidies, loans or grants in each of the last five years; and what steps he intends to take to reduce this expenditure.
§ Mr. Roy JenkinsAssistance provided to private industry in the form of304W subsidies, capital grants, net lending and cash expenditure on company securities in each of the past five years was:
£ million 1963 … 42 1964 … 29 1965 … 82 1966 … 94 1967 (provisional outturn) … 421* *Includes, for the first time, payment of Investment Grants, S.E.T. additional payments and Regional Employment Premium, totalling in all £339 million. On the second part of the Question, I have nothing to add to the Prime Minister's statement on 16th January, which summarised the Government's proposals for assistance to private industry in the next two years.