§ Mr. Parkasked the Chancellor of the Exchequer what discussions he has had with the directors of Rootes Ltd. about its financial arrangements with the Chrysler Company; and what action he is taking to prevent the United States firm from taking a controlling interest in the British company.
§ Mr. DiamondI would refer my hon. Friend to the Reply my right hon. Friend gave the hon. Member for South Angus (Mr. Bruce-Gardyne) on 12th December, when he said that Rootes had been in preliminary contact with the Treasury about financial arrangements which might lead to a closer association with Chrysler. The Government are awaiting further information before reaching a conclusion. —[Vol. 738. c. 21.]