§ Sir J. Mellor
asked the Chancellor of the Exchequer whether he has considered the statement issued by Courtaulds, Limited, on 12th June, with regard to the position of the American Viscose Corporation; and whether, in view of the recent acquisition and disposal by His Majesty's 662W Government of 95 per cent. of Courtaulds, Limited, holding of the shares of the corporation, he will make a statement?
§ Captain Crookshank
My right hon. Friend does not think he can usefully make any statement at the present time. As explained in the announcement by Messrs. Courtaulds, Limited, the price to be paid to them by the Treasury has not yet been settled.