HC Deb 27 March 1969 vol 780 c337W
40. Mr. St. John-Stevas

asked the Secretary of State for Economic Affairs whether he will make a statement on the effects on the economic development of the Chelmsford area of the Industrial Redevelopment Corporation take-over of Brown Baily Limited.

Mr. Frederick Lee

The I.R.C.s takeover of Brown Baily is the first stage of a plan to strengthen the British ball-bearing and alloy steels industries. I have no reason, at this stage, to suppose that the reorganisation of this industry will adversely affect the Chelmsford area.