§ 104. Mr. Hefferasked the Minister of Transport in what circumstances her assent is sought to the merger between subsidiaries of British Road Services and private companies; and what is her policy towards such proposals.
§ Mrs. CastleMergers involving a substantial outlay require my consent under 83W the investment control procedures. Mergers involving disposal of securities owned by the Transport Holding Company need my consent under Section 29(8) of the Transport Act, 1962. I shall consider each proposal on its merits.