§ Mr. Arbuthnot
asked the Chancellor of the Exchequer what additions he proposes to make to the list of fuel-saving plant which qualifies for the investment allowance.
§ Mr. P. Thorneycroft
I have it in mind that the following further plant should be prescribed:
Description of plant Conditions 2 (a) The following oil firing equipment:— Oil drip feeders — 4 The following waste heat recovery equipment: On condition that the equipment is installed for the purpose of recovering for use heat from hot waste gases, vapours or liquids. (c) Flash steam vessels: piping, ducts, and fans. 8 (b) Indicating and recording instruments, the following:— On condition that the instruments are affixed to boiler or other installations. Fuel meters. 9 Heat pumps On condition that the equipment is installed solely for heating purposes. 10 Capacitors On condition that the equipment is installed for the purpose of improving the electrical power factor.