§ 58. Mr. Errollasked the Chancellor of the Exchequer what are the names and qualifications of the individuals appointed by the Government to the Board of the Vactric Company Limited.
§ Mrs. Jean MannOn a point of Order, Mr. Speaker. Before a reply is given to this Question, may I point out that the company concerned is in my constituency? I should be very glad if the Economic Secretary would make it plain from which angle his reply is given—whether it is from the investor's angle—
§ Mr. SpeakerWe cannot have supplementary questions before the reply has been given.
§ The Economic Secretary to the Treasury (Mr. Douglas Jay)No individuals have been appointed by the Government to the Board of Vactric. The directors who occupy their seats on the Board with Treasury approval are all gentlemen of considerable experience in Scottish industry—Mr. J. Paterson, Mr. C. R. D. Brown and Mr. D. W. L. Menzies.
§ 60. Mr. Errollasked the Chancellor of the Exchequer if he will make a statement about the present position and prospects of the Vactric Company Limited.
§ Mr. JayI am sure that the hon. Member will not expect me to anticipate the chairman's remarks at the forthcoming annual general meeting of this company.
§ Mr. ErrollCan the Economic Secretary say whether these remarks will put an end to the stories of transactions in which this company is involved which have led to such remarkable fluctuations in the price of the company's shares on the Stock Exchange?