§ 49. Mr. Woodhouse
asked the President of the Board of Trade by what criteria he will assess whether it is in the public interest that the British Motor Corporation should take over the Pressed Steel Company.
§ Mr. Jay
Under the monopolies and mergers legislation now before Parliament, the Board of Trade would have power to refer this merger to the Monopolies Commission; if a reference were made, it would be for the Commission to investigate and report whether the merger would be against the public interest. I am considering the merger in this context.