§ Mr. Gow
To ask the Chancellor of the Duchy of Lancaster whether following information given to the Under-Secretary of State for the Environment by the hon. Member for Eastbourne in the House on 26 May,Official Report, columns 1291 and 1292, and to the Under-Secretary of State for Corporate Affairs in a letter dated 6 July, there will be an investigation into the affairs of the Eastbourne Water Company under the provisions of the Financial Services Act 1986.
§ Mr. Forth
The information, which related to the Eastbourne water employees' share club, has been considered, but it is not sufficient to establish that the powers of investigation in section 105 of the Financial Services Act 1986 would be available in this case, or that adequate grounds exist for mounting an investigation.