§ Mr. Newensasked the Minister of Technology if he will make a statement on the contribution at present being made to export and import substitution in the field of electrical machinery, apparatus and appliances as a result of rationalisation and mergers in the British electrical and electronic industries.
§ Dr. BrayIt is not possible either to quantify this contribution or to time its effect. Rationalisation and successful mergers are aimed at promoting higher utilisation of industrial resources, more concentrated R. & D. and marketing effort, and more competitive prices. Exports and import substitution should both benefit from this process.