HC Deb 30 June 1964 vol 697 cc181-2W
31. Mr. Edelman

asked the Chancellor of the Exchequer whether he will give further details of the pledge given to him by the Chrysler Corporation of America that it would refrain from purchasing a majority holding in the shares of Messrs. Rootes Ltd.; to what extent this pledge is expressed to be binding on future managements of the Chrysler Corporation; and whether the pledge was given verbally or in writing.

Mr. Boyd-Carpenter

The formal application for Treasury consent to the proposed transaction between Rootes and Chryslers has now been received and is being studied. This study will include the precise terms of the undertakings which my right hon. Friend will take into account in considering whether to give consent to the transaction.