HC Deb 14 November 1968 vol 773 c118W
33. Mr. Stratton Mills

asked the Secretary of State for Economic Affairs what proposals he has for the Industrial Re organisation Corporation to raise capital on the market.

Mr. Frederick Lee

None. The Corporation has no power at present to raise long-term capital on the market. The passage of the Miscellaneous Financial Provisions Bill would enable it to raise such capital in currencies other than sterling. It will be for the Industrial Reorganisation Corporation to decide what use to make of this power.