§ Mr. Grant
asked the President of the Board of Trade what action he proposes to take in response to the application made to him on 1st August, 1963, to appoint an inspector to investigate the affairs of Hartley Baird Limited and 322W H. J. Baldwin & Company Limited on the grounds that their business is being conducted in a manner oppressive of their shareholders; and if he will make a statement.
§ Mr. Jay
The applicants have been informed from time to time that, as it appeared that they had sufficient information upon which to decide or take advice as to their remedies, the Board would not be justified in appointing inspectors under Section 165 of the Companies Act, 1948. to investigate the affairs of Hartley Baird Limited and H. J. Baldwin & Co. Limited. Further information which was obtained recently is being considered, and I will write to the hon. Member as soon as possible.