HC Deb 12 March 1969 vol 779 c307W
101. Sir C. Osborne

asked the Minister of Technology in how many cases he has instructed the Industrial Reorganisation Corporation either to promote or support take-over bids, or amalgamations in industry; on what criteria his Department works; and what consideration is given to the criteria of cheaper production, greater production, import saving, or increased exports, respectively.

Dr. Bray

There are no powers to instruct the I.R.C. on particular cases. The Department maintains close working relations with the corporation on matters affecting (he engineering industry. Our policy is to promote more efficient and competitive units and is influenced by the criteria listed by the hon. Member.