Mr. T. WILSONasked the hon. Member for Worcestersire (Bewdley Division) why the Treasury refused to sanction the sale of the respective businesses of the Holmes Chapel Wall Paper Company, the Little Lever Paper Staining Company, the Broadfield Paper Staining Company, Messrs. Fred W. Howarth, Smith, and Butler, Limited, and Messrs. Kinder, M'Dougall, and Company to the Wall Paper Manufacturers, Limited; and whether, seeing that it was not proposed to create or issue debenture stock or shares for cash payment and that the amalgamation will prevent the duplication of buyers and salesmen and release labour, the Treasury will reconsider the matter and sanction the amalgamation?
§ Mr. BALDWINThe Treasury are unable to agree to the proposed issues, which are not considered to be in the public interest at the present time.