§ Mr. Arthur Jonesasked the Secretary of State for Trade and Industry what estimate he has made of the effects of the floating of the £ sterling and the consequences for the machine tool industry of Great Britain's competitive position overseas on the viability of Messrs. Herbert-Ingersoll at Daventry in which Government money is invested.
§ Mr. Anthony GrantIt is not possible at this stage to make any assessment of 403W the consequences for individual industries of the decision to float the £sterling on a temporary basis. In respect of Herbert-Ingersoll Ltd. it is for the Receiver to take into account the various factors including the floating of the £ sterling.