§ 1. Mr. Turnerasked the Secretary of State for the Colonies whether the offer by the North Borneo Government to invest $250,000 in the Borneo Development Corporation and a similar offer by the Sarawak Development Finance Corporation have yet been accepted; and if he will make a statement.
§ The Secretary of State for the Colonies (Mr. Reginald Maudling)The Borneo 1092 Development Corporation is a whollyowned subsidiary of the Colonial Development Corporation and I understand that the offers of the North Borneo Government and the Sarawak Development Finance Corporation are acceptable to the Corporation. I am at present considering the Corporation's application for sanction for additional capital for investment in the Borneo Development Corporation.
§ Mr. TurnerWill my right hon. Friend bear in mind that if the proposals for Greater Malaysia proceed with the speed that is intended, unless a really early decision is arrived at about the possible investment of this money in North Borneo it may be too late to act under the C.D.C. operation?
§ Mr. MaudlingI am certainly aware of the need for proceeding as quickly as we can.
§ Mr. RankinAre we to understand from that supplementary question and answer that it is the intention of the Government to bring North Borneo—700 miles from Malaya—into the Malaysian Federation?
§ Mr. MaudlingThe hon. Gentleman's supplementary question goes much wider than my hon. Friend's Question, which was devoted to a particular investment project.