§ Ordered, That a Select Committee be appointed to examine the Reports and Accounts of the Nationalised Industries established by Statute whose controlling Boards are appointed by Ministers of the Crown and whose annual receipts are not wholly or mainly derived from moneys provided by Parliament or advanced from the Exchequer; and of the Independent Television Authority, Cable and Wireless Ltd., and the Horserace Totalisator Board, and to examine such activities of the Bank of England as are not—
- (i) activities in the formulation and execution of monetary and financial policy, including responsibilities for the management of the gilt-edged, money and foreign exchange markets;
- (ii) activities, as agents of the Treasury, in managing the Exchange Equalisation Account and administering Exchange Control; or
- (iii) activities as a banker to other banks and private customers:
§ Ordered, That the Committee do consist of Eighteen Members:
1583§ Ordered, That Mr. Michael Alison, Mr. William Baxter, Mr. David Crouch. Sir Henry d'Avigdor-Goldsmid, Mr. John Forrester, Mr. Norman Haseldine, Mr. John Horner, Mr. Roy Hughes, Sir Donald Kaberry, Mr. Richard Kelley, Mr. Russell Kerr, Colonel Lancaster, Mr. Ron Lewis, Mr. Michael McGuire, Mr. Ian Mikardo, Mr. J. T. Price, Mr. Nicholas Ridley, and Mr. John Smith be Members of the Committee:
§ Ordered, That the Committee have power to send for persons, papers and records, to adjourn from place to place and to report from time to time:
§ Ordered, That the Committee have the power to report from time to time the Minutes of Evidence taken before the Committee:
§ Ordered, That the Committee have power to appoint persons with specialist knowledge for the purpose of particular enquiries, either to supply information which is not readily available or to elucidate matters of complexity within the Committee's order of reference:
§ Ordered, That so much of the Minutes of Evidence taken before Sub-Committee B of the Select Committee on Nationalised Industries in the last Session of Parliament as relates to the Bank of England, together with the relevant Appendices, be referred to the Committee:
§ Ordered, That Five be the Quorum of the Committee:
§ Ordered, That the Committee have power to appoint Sub-Committees and to refer to such Sub-Committees any of the matters referred to the Committee:
§ Ordered, That every such Sub-Committee have power to send for persons, papers and records; to report to the Committee from time to time; and to adjourn from place to place;
§ Ordered, That Three be the Quorum of every such Sub-Committee:
§ Ordered, That the Committee have power to report from time to time any Minutes of Evidence taken before such Sub-Committees.—[Mr. McBride.]