HC Deb 03 November 1966 vol 735 cc151-2W
66. Sir G. Nabarro

asked the President of the Board of Trade whether, following the difficulties of the Rolls Razor company and the inquiry he is conducting into their affairs, he will use his powers under Section 165(b) of the Companies Act 1948 to investigate the affairs of the Imperial washing machine firm, in view of the fact that its business is being conducted in a manner oppressive of its shareholders; and if he will a statement.

Mr. Jay

On present information there do not appear to be grounds for the appointment of an inspector under Section 165 of the Companies Act, 1948, to investigate the affairs of Imperial Monomark Limited.