§ Mr. Bishop
asked the President of the Board of Trade in view of the timidity and unwillingness to change in several important industries and the fact that too often local prejudices and family and personal interests stand in the way of effective reorganisation, referred to in the Annual Report of the Industrial Reorganisation Corporation, what further action he will take to improve the present situation which is not in the national interest.60W
§ Mr. Frederick Lee
I have been asked to reply.
As the I.R.C. Report also makes clear, even a small merger can often break the log-jam which has held back rationalisation in an industry, and the Corporation will not hesitate to take positive action where necessary. The Little Neddies also have an important part to play.