HC Deb 13 February 1964 vol 689 cc103-4W
64. Mr. Redhead

asked the Secretary of State for Industry, Trade and Regional Development what inquiries have been made into the circumstances whereby the Livestock Group of Companies incurred deficiencies of £981,061; when those inquiries began; when they were concluded; and what were the findings of the inquiries.

Mr. D. Price

Inspectors were appointed by the Board of Trade under Section 165(b) of the Companies Act, 1948, to investigate the affairs of this group of companies. The inspectors were appointed on the 25th May, 1962, and reported to the Board of Trade on the 3rd October, 1963. As a result police inquiries are now being made and these must be expected to take some time. I would prefer not to make any further statement at the present stage.