HC Deb 15 July 1947 vol 440 c31W
86. Mr. J. J. Robertson

asked the Secretary of State for Scotland what progress has been made towards the formation of the company merging the existing Scottish slate quarry interests; what steps are being taken to provide financial assistance to that company; and what is the constitution of the board of directors.

Mr. Westwood

I am pleased to be able to report, that the necessary negotiations for the formation of this company have now been completed and that the company has been registered under the title of "Scottish Slate Industries, Limited" with a share capital of £75,000. An offer of a loan of £125,000 from the Building Materials and Housing Fund had been made and accepted. The first Directors of the Company areMr. J. C. George (Mining Engineer)—Chairman. Professor G. Hibberd, Ph.D., A.R.T.C., M.I.M.E., Professor of Mining, Royal Technical College, Glasgow—Deputy Chairman. Mr. J. McNicol—Chartered Accountant. Mr. J. V. Russell—Company Director. Mr. J. S. McCown n—Company Director