asked the Minister of Fuel and Power the estimated capital cost of implementing the recommendations of the Reid Report and the time estimated to be necessary to carry out the changes; and the amount of capital at present invested in the industry.

Major Lloyd Georģ:

Until the necessary detailed examinations have been carried out it is not possible, as the Reid Committee itself reported, to estimate the capital cost of implementing the recommendations of the Committee or the time necessary to carry out all the changes. The amount of capital at present invested in the industry is of the order of £200,000,000 to £250,000,000.

Is that nominal value or the present market price?

Major Lloyd Georģ:

Nominal value.