ATTRACTING INDUSTRY
BRITISH SPECIAL AREAS PROGRESS OF SCHEMES (British Official Wireless.) Reed. 9 a.m. RUGBY, Dec. 22. The commissioner for the special areas of England and Wales, in his annual report, says that though the expenditure is necessarily in arreas of commitments, there has been a material acceleration in the rate of expenditure largely on account of the rapid progress of the industrial schemes.
"Industry must be induced to go to these places or the people there must be removed—the first is obviously the better,solution. I am glad, therefore, that the Government has decided to extend the Special Areas Acts for another year. The results of the efforts to induce industries to come to the special areas are only just beginning to show, and I intend that work should proceed with unabated energy." Commitments to the end of September last are estimated at £16,770,000 and the actual amount passable by way of grant and loan to that date at over £8,500,000. The commissioner for the Scottish areas reports that the financial commitments in Scotland to the end of September amounted to £4,200,964, and the total cost of the schemes was estimated at £7,683,325 excluding the capital brought into the Scottish areas by new firms.
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Poverty Bay Herald, Volume LXV, Issue 19821, 24 December 1938, Page 5
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204ATTRACTING INDUSTRY Poverty Bay Herald, Volume LXV, Issue 19821, 24 December 1938, Page 5
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