§ 6. Mr. Stratton Millsasked the Secretary of State for Economic Affairs if he will make a statement on the rôle of the 612 Industrial Re-organisation Corporation in the proposed merger between General Electric Company and Associated Electrical Industries.
§ Mr. MillsWhile welcoming G.E.C.'s success, surely it must be wrong for a statutory corporation to become involved in recommending a take-over bid? Would the Minister consider laying down the kind of criteria on which the Industrial Reorganisation Corporation can intervene in future cases?
§ Mr. ShoreIt is right that the Corporation itself should decide its policy towards particular proposals. Therefore, that was really a question for the Corporation.
§ Mr. William PriceIs the Minister aware that this merger is a very serious matter for those of us who have A.E.I. factories in our constituencies? What assurances did the Government seek through the I.R.C. about the future welfare of those factories?