HC Deb 24 January 1961 vol 633 cc17-8W
Mr. K. Lewis

asked the President of the Board of Trade whether he has received the Eleventh Annual Report and Statement of Accounts of the National Research Development Corporation.

Mr. Maudling

Yes. As required by Sections 4 (5) and 10 (5) of the Development of Inventions Act, 1948, I have arranged for these documents to be laid before the House. The Report discusses the difficulty of obtaining from the balance sheet a realistic picture of the financial position of the Corporation. I have, therefore, asked them to consider with my Department the possibility of devising some means of ascertaining more readily what the true position is, and in particular of assessing the Corporation's ability to commence payment of interest on the monies advanced to them.