HC Deb 29 January 1959 vol 598 c138W
76. Mr. Lewis

asked the Chancellor of the Exchequer whether he is aware that the Linen Thread Company are disposing of their United States subsidiary company, valued at £6,500,000, for a sum of about £4,250,000; whether, in view of the disturbances caused in connection with the recent British Aluminium Company transfer, his permission has yet been requested for this transaction; and what was the nature of his reply.

Mr. Erroll

The necessary Exchange Control consents have been given for the sale of the subsidiary company to persons resident outside the United Kingdom.