§ Mr. Stratton Millsasked the First Secretary of State and Secretary of State for Economic Affairs if he will state the relationship between the Industrial Reorganisation Corporation, the Finance Corporation for Industry, and the Industrial and Commercial Finance Corporation; what arrangements he is making to co-ordinate their work; and if he will make a statement.
§ Mr. AlbuThe Industrial Reorganisation Corporation will seek the fullest cooperation of all existing financial institutions. The special facilities which the Finance Corporation for Industry and the Industrial and Commercial Finance Corporation offer to companies requiring additional capital for expansion could well prove of value to the new groupings which the Industrial Reorganisation Corporation will initiate. No special arrangements are needed to co-ordinate the work of the three Corporations.