§ Mr. Stokes
asked the President of the Board of Trade whether he is aware that the British Steel Federation have entered into an arrangement with four particular firms for the control of the purchase and sale of scrap-iron and steel to their own advantage and to the advantage of the four firms but to the disadvantage of the trade as a whole and the public purse; and whether he will cause a full investigation to be made into the matter?
§ Mr. Stanley
I am aware that the British Iron and Steel Federation employ four firms as their advisers in regard to dealings in scrap iron and steel, but I am informed that this arrangement does not provide for any control of the purchase and sale of scrap by these firms. I have no reason to think that the arrangement is a matter with which I should interfere.