HC Deb 27 October 1966 vol 734 cc1292-3
32. Mr. Winnick

asked the President of the Board of Trade if he will make a further statement on the increase of United States investment in British industry.

Mr. Darling

I have nothing to add to the reply which my hon. Friend received in answer to his Question on 14th July.

Mr. Winnick

Is my right hon. Friend aware of the growing concern in this country at the increasing number of American take-over bids in British industry? Does not he agree that it is very stupid of the Tory Opposition to oppose nationalisation while remaining indifferent to foreign take-over bids in British industry?

Mr. Darling

Any take-over bids are examined by the Board of Trade, and if the Board of Trade considers it necessary they are referred to the Monopolies Commission for examination.