HC Deb 17 July 1972 vol 841 cc1-2W
4. Mr. Norman Lamont

asked the Secretary of State for Trade and Industry what action he proposes to take on the report of Mr. D. G. Scholey on the Export Credits Guarantee Department.

Mr. Noble

As I announced in the House on 10th May, the Government have accepted the central recommendation that ECGD should remain a separate executive agency within the Civil Service. The recommended changes in senior management structure have been made. The other recommendations are being studied and decisions will be taken as soon as possible.

34. Mr. Edward Lyons

asked the Secretary of State for Trade and Industry whether he will arrange for an office of the Export Credits Guarantee Department to be set up in Bradford.

Mr. Noble

There is at present an ECGD office in Bradford. We plan shortly

Total Acquisitions Mergers*
Number £ million Number £ million Number £ million
Quoted companies† (company accounts)
1964 940 505 939 502 1 3
1965 1,000 517 995 507 5 10
1966 808 502 805 447 3 55
1967 763 822 763 822
1968 946 1,946 942 1,774 4 172
1969 906 935 904 927 2 8
All industrial and commercial companies (Press reports)
1969 846 1,069 844 1,061 2 8
1970 793 1,122 787 1,080 6 42
1971 884 911 884 911
* A merger is valued at the market value of the smaller company's share of the newly formed company (i.e., it is reckoned as the acquisition of the smaller company by the larger company involved in the transaction).
† Excluding companies mainly operating abroad and agricultural shipping and property companies.

51. Mr. Loveridge

asked the Secretary of State for Trade and Industry how many mergers and takeovers have been screened by the Department of Trade and Industry since the Monopolies and Mergers Act, 1965, came into force; what proportion of these was refused; and how

to merge this into a new and larger regional office in Leeds. The new office will offer an improved service to exporters throughout Yorkshire and the North East, including those in Bradford.