§ 48 and 49. Mr. MACMILLANasked the Prime Minister (1) what action, if any, the Government propose to take with regard to that part of the report of the Committee on Finance and Industry which recommends the setting up of an organisation to obtain closer co-operation between finance and industry;
(2) whether he has considered the report submitted to him by the Federation of British Industries calling for the control of the direction of new investment in such a way as to secure the maximum advantage to British industry in obtaining the necessary capital for desirable developments; and what action, if any, the Government proposes to take?
§ The LORD PRESIDENT of the COUNCIL (Mr. Baldwin)While my right hon. Friend would welcome action taken by private initiative on the lines recommended in the Macmillan report, on the subjects to which my hon. Friend alludes, he does not think that these matters can properly be made the subject of direct Government action.