HC Deb 25 October 1920 vol 133 cc1310-1
2. Mr. WATERSON

asked the President of the Board of Trade whether he has yet finished his inquiry into the profits made by the Bell Spinning Company, as promised on the 10th May last; and, if so, with what results?

Sir P. LLOYD-GREAME

An investigation has been made by the Standing Committee on Prices of the Central Committee under the Profiteering Acts into the trading accounts, profit and loss accounts and balance sheets of the Bell Cotton Spinning Company and the Times Spinning Company. Pending the result of investigation into a number of other cotton spinning companies, the Central Committee have not expressed any opinion as to the reasonableness or otherwise of the profits made by these two companies.