It has not always been present to our minds that we have been discussing this Bill at a time of very serious Crisis in the Film Industry.

While acknowledging that the President of the Board of Trade has done more than anyone previously to deal with this problem, may I ask him whether it is not a fact that there is a very grave Crisis in the Film Industry, and will he bring it to the attention of the Cabinet?

There is undoubtedly a grave Crisis in the Film Industry.

We have come now to what is almost a Crisis in the Film Industry, and something drastic must be done if the industry is to succeed.

Had there not been this present Crisis in the Film Industry, I should have liked at least one more year's experience of the 40 per cent.

If that had been done I am quite certain that the first person who would have complained would have been the right hon. Gentleman the Member for Aldershot, who would have said we had got to a Crisis in the Film Industry through a policy of not doing anything, or of doing something only too little and too late.

Most of the general problems have been covered by the right hon. Member for Huyton, who himself bore the full brunt of the major Crisis in the Film Industry, and probably, whether he wanted to or not, got to know more about the film industry than many other people outside the industry.

The Under-Secretary rightly pinpointed the real cause of the present Crisis in the Film Industry, namely, the withdrawal of American finance.