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Expenditure Powers

Volume 888: debated on Wednesday 19 March 1975

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asked the Secretary of State for Industry if he will list the individual limits of expenditure powers obtained by his Department by means of legislation or affirmative order in the past 12 months.

The Financial Assistance for Industry (Increase of Limit) Order 1975 which raises the limit of assistance under Section 8 of the Industry Act 1972 from £150 million to £250 million was approved by Parliament on 18th February.The Compensation for Limitation of Prices (Post Office) Order 1974, made under the Statutory Corporations (Financial Provisions) Act 1974, came into operation on 10th December 1974 and provided for a payment to the Post Office of £123,567,000.