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Cotton Re-Equipment Subsidy Scheme

Volume 480: debated on Thursday 16 November 1950

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asked the President of the Board of Trade how many schemes under the Cotton Re-equipment Subsidy Scheme have been submitted to him after the expiry of the statutory period; and whether he will take steps to make them eligible for inclusion.

No application for registration as an approved group under the Cotton Spinning (Re-equipment Subsidy) Act, 1948, has been received since 6th April, 1950, which is the date specified in the Act. Under the Act, it is also required that contracts be placed before 6th April, 1950, unless a special extension is granted. In the case of only one mill an extension has been requested to cover a complete scheme of modernisation, and this request was granted. In addition, extensions to allow of minor changes to seven previously approved schemes have been requested and each request is being considered on its merits. If the hon. Member has any particular case in mind, I shall be pleased to look into it.