§ 64. Sir J. Mellorasked the Chancellor of the Exchequer the progress of his negotiations with Messrs. Courtaulds, Limited, with regard to the price to be paid for their former holding of American Viscose Corporation shares?
§ Sir K. WoodThese negotiations are proceeding. I cannot yet say what further length of time they will require.
§ Sir J. MellorIn the event of arbitration being necessary, will the Government agree to accept the award without reservations?
§ Sir K. WoodI think we had better await events.
§ Sir J. MellorBut has not this a bearing on the negotiations themselves?
§ Sir K. WoodMy hon. Friend has asked me a hypothetical question.