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House of Commons Hansard
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National Coal Board (Capital Investment Programme)
23 November 1965
Volume 721

24.

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asked the Minister of Power to what extent the capital investment programme of the National Coal Board is geared to the 1970 target as specified in the National Plan.

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I would refer my hon. Friend to paragraph 13 of the White Paper on the Finances of the Coal Industry.

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In view of the fact that last year £90 million was invested in the coal industry, does not my right hon. Friend think that in the national interest maximum productivity should be obtained even if that means exceeding the £90 million?

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I certainly think the maximum should be obtained. No target is fixed in the White Paper. This is merely an assessment and, if the coal industry can beat it, the best of British luck to it.