HC Deb 08 April 1930 vol 237 cc1944-5
38. Lieut.-Commander KENWORTHY

asked the Lord Privy Seal whether he was consulted with regard to the formation of the proposed £6,000,000 company for the purpose of rationalising British industry?

Mr. THOMAS

My hon. and gallant Friend will no doubt have seen in the Press the authoritative statement that the reports which have appeared on this matter are premature and in some respects incorrect. I hope at an early date to make a public statement on the matter.

Lieut. - Commander KENWORTHY

Is my right hon. Friend aware that there is a great deal of misapprehension on this matter, which would be relieved by a knowledge that he was being actively consulted?

Mr. THOMAS

I am not sure that there is apprehension, but I know that there is anxiety, and I indicated in my speech on Friday, and I say again now, that I am empowered to tell the House that I hope very soon to be able to make an authoritative statement. That is the best indication that I have not only been in touch but in agreement on the proposal.

Lieut. - Commander KENWORTHY

Will my right hon. Friend be able to assure the House then that the rights of the men will be safeguarded?

Mr. THOMAS

I am afraid that, as I said in my answer to the question on the Paper, the statements in the Press were both premature and inaccurate. The object of this scheme, in a sentence, is to help industry.

Sir N. GRATTAN-DOYLE

Is there any indication as to the nature of this £6,000,000 scheme, about which no one seems to know anything? Will the right hon. Gentleman say what it is and when it comes into operation, or whether it is a mare's nest?

Mr. SPEAKER

Those questions go beyond the question on the Paper.