§ 10. Mr. Douglasasked the Secretary of State for Trade and Industry if he will give details of merger proposals put to him by the Industrial Reorganisation Corporation since 20th June, 1970.
§ Mr. John DaviesNo, Sir.
§ Mr. DouglasIs not that a most unsatisfactory Answer? In view of the Secretary of State's strictures on the City last Thursday evening, will he tell the House of his overtures to the private sector to see whether the private sector—the City—could amass sufficient sums to help the organisations that need this help? What organisation does the private sector intend to create to replace the I.R.C.?
§ Mr. DaviesI am sure that the City, with its usual versatility, will respond to the need. I doubt that it has set up any specific new organisation since Thursday evening last.