HC Deb 08 March 1948 vol 448 cc113-5W
22. Mr. West

asked the Minister of Supply if any member of the Steel Board has a financial interest in any steel undertaking; and if any member of the Board has a financial interest in any undertaking, receiving financial assistance from the Government or in any undertaking in respect of which a rehabilitation scheme has been put forward.

Mr. G. R. Strauss

Inasmuch as certain members of the Board are drawn from the steel industry itself, it is inevitable that they have some financial interest in steel undertakings. One member of the Board is a director of two companies which receive subsidies for the deep mining of ore. One of these companies is financing a development scheme approved by the Board.