HC Deb 15 November 1974 vol 881 cc849-50

Ordered, That there shall be a select committee 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 Broadcasting Authority, Cable and Wireless Ltd., and Horserace Totalisator Board, and to examine such activities of the Bank of England as are not—

  1. (1) activities in the formulation and execution of monetary and financial policy, including responsibilities for the management of gilt-edged, money and foreign exchange markets;
  2. (2) activities, as agents of the Treasury, in managing the Exchange Equalisation Account and administering Exchange Control; or
  3. (3) activities as a banker to other banks and private customers.

Ordered, That the Committee do consist of Thirteen Members.

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 power to report from time to time the Minutes of the Evidence taken before them and any Memoranda submitted to them.

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 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 the Minutes of the Evidence taken before such Sub-committees, and any Memoranda submitted to them.

Ordered, That these Orders be Standing Orders of the House until the end of this Parliament.

Ordered, That Mr. Joe Ashton, Mr. John Golding, Sir Donald Kaberry, Mr. Russell Kerr, Mr. Neil Kinnock, Mr. Michael McNair-Wilson, Mr. John Prescott, Mr. Tim Renton, Mr. John Spence, Mr. Iain Sproat, Mr. John Stanley, Mr. David Stoddart and Mr. Edwin Wainwright be Members of the Select Committee on Nationalised Industries,

Ordered, That the Members of the Select Committee on Nationalised Industries nominated this day shall continue to be Members of the Committee for the remainder of this Parliament.

Ordered, That this Order be a Standing Order of the House.—[Mr. Walter Harrison.]