HC Deb 26 July 1922 vol 157 cc461-2
64. Rear-Admiral ADAIR

asked the President of the Board of Trade whether his attention has been called to an article by Professor Henry G. Armstrong on the dyestuff situation, published in the Press on Monday the 24th instant; and, if so, whether he will give favourable consideration to the proposition contained therein that the Government should withdraw its control of, and influence upon, the British Dyestuffs Corporation or, alternatively, insist that the management of the business should be in the hands of technically qualified people?

Sir W. MITCHELL-THOMSON

I have seen the article to which my hon. and gallant Friend refers. The Government do not control the British Dyestuffs Corporation and have no influence over its management except in so far as they have a substantial, though not controlling, shareholding interest, and appoint two of the board of directors. I do not think it is expedient. that this interest should be withdrawn. As regards the last. part of the question, I would refer to the proceedings at the recent general meeting of the corporation, from which it will be seen that the board or directors had the support of the great majority of the shareholders, and particularly of representatives of important consuming interests.

Sir P. MAGNUS

Has not the British Dyestuffs Corporation now the assistance of scientists and technically qualified men on its management?

Sir W. MITCHELL-THOMSON

Yes, Sir; most certainly.