§ 64. Mr. Higginsasked the Chancellor of the Exchequer if he will specify the projects under the Industrial Expansion Bill which he is taking into account when calculating the level of Government expenditure in 1968–69 and 1969–70 prior to making his Budget judgment; and what is the estimated cost of each project in these years.
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§ Mr. Harold LeverExpenditure in 1968–69 and 1969–70 under the Clauses concerning ships, aircraft and the National Research Development Corporation is provisionally forecast at £21.5 million and £19 million respectively. I am circulating details in the OFFICIAL REPORT. I cannot anticipate details of industrial investment schemes to be submitted to the House under Clause 1, but I do not expect the amounts involved in 1968–69 to be such as to affect my right hon. Friend's Budget judgment.
Following are the details:
PROVISIONAL ESTIMATES OF EXPENDITURES UNDER THE INDUSTRIAL EXPANSION BILL IN RESPECT OF SHIPS, AIRCRAFT AND THE N.R.D.C. £ million 1968–69 1969–70 Clause 8: Finance for the Queen Elizabeth 2 15.0 — Clause 9: Additional grants in connection with reorganisations in shipbuilding 1.4 4.0 Clause 10: Advances to the National Research Development Corporation — 10* Clause 11: Acquisition of Beagle Aircraft Company 1.1 — New Clause: Concorde production finance 4.0 14.0 Total 21.5 19.0 * This figure refers only to advances in excess of the existing limit of £25m., which is not expected to be reached before the end of 1969.