North British Locomotive Company

HC Deb 11 February 1965 vol 706 cc115-6W

49. Mr. Grant

asked the President of the Board of Trade if he will order an investigation into the affairs of the North British Locomotive Company pursuant to Section 165 of the Companies Act, 1948.

Mr. Darling

No.

50. Mr. Grant

asked the President of the Board of Trade if he will grant com- pensation to the shareholders of the North British Locomotive Company, now in liquidation, who were encouraged by Government action to invest in the company.

Mr. Darling

My right hon. Friend has considered carefully the representations which have been made to him on behalf of the shareholders but he finds no grounds to justify their claims for compensation from the Government.