British Insulated Callender's Cables Ltd. (Merger)

HC Deb 01 June 1967 vol 747 cc72-3W

Mr. Carter-Jones

asked the President of the Board of Trade whether he has yet received the report by the Monopolies Commission on the merger of British Insulated Callender's Cables Limited and Pyrotenax Limited; and if he will make a statement.

Mr. Jay

Yes. I received the Commission's report on 5th May. Its conclusion is that, in the light of certain assurances given by British Insulated Callender's Cables Limited to the Commission, this merger does not operate and may be expected not to operate against the public interest.

I accept this conclusion. I have laid the Commission's report before Parliament and it will be published this afternoon.