§ 94. Mr. Darling
asked the Paymaster-General whether he will ask the Iron and Steel Board to review the present prices of steel, in view of the recent increases in share dividends of all the major steel companies, and in particular to reconsider the last permitted increase in prices.
§ Mr. Renton
No. The Iron and Steel Board keep steel prices continuously under review as part of its normal responsibilities, and I see no reason to ask it to make a special review on the ground suggested. When the Board last raised maximum prices on 29th July, 1957, it stated that this was to enable the industry to meet increased costs of production and to support the major investment programme of modernisation and expansion.