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Cotton Industry Act, 1959

Volume 642: debated on Monday 12 June 1961

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asked the President of the Board of Trade if he will state the amount of Treasury funds already paid to date for the scrapping of machinery under the terms of the Cotton Industry Act, 1959; and what is his latest estimate of the total cost to the Treasury of the scrapping of machinery under this Act.

CASUALTIES ON THE A.41 BETWEEN ITS JUNCTIONS WITH M.1 AND A.5 BEFORE AND AFTER THE OPENING OF THE M.1 MOTORWAY
KilledSeriously injuredSlightly injured
Riders, drivers and passengers in motor vehiclesPedal cyclistsPedestriansRiders, drivers and passengers in motor vehiclesPedal cyclistsPedestriansRiders, drivers and passengers in motor vehiclesPedal cyclistsPedestrians
Before the motorway was opened (1958–1959*)2181353
After the motorway was opened (1959–1960*)43611975
* Period 2nd November to 1st November.
The Road Research Laboratory estimates that traffic on this stretch of road has increased by about 50 per cent. over the period in question.

£9·3 million was paid from public funds up to 9th June. The best estimate I can make of the likely total cost to the Exchequer remains between £12 million and £13 million.

asked the President of the Board of Trade what will be the cost to Treasury funds of applications already received for re-equipment grants under the terms of the Cotton Industry Act, 1959, assuming they are all fully accepted.

About £6·2 million, excluding some applications that have been rejected.