§ 24. Mr. Frank Allaunasked the Secretary of State for Trade and Industry if he will now make a further statement of his plans for hiving off profitable sections of the publicly-owned industries.
§ Mr. John DaviesNo, Sir.
§ Mr. AllaunWill the right hon. Gentleman take careful note of the decision by the Labour Party National Executive in favour of the next Labour Government's taking back the hived-off sections without 19 compensation? As this advance warn-has been given, will not investors have only themselves to blame if they burn their fingers?
§ Mr. DaviesThat seems to me to be a hypothetical decision. In deciding any adjustments in the boundaries of the nationalised industries, we must take a very full account of the industrial efficiencies of the concerns involved.