§ Mr. Barnettasked the President of the Board of Trade whether mergers proposed by the Industrial Reorganisation Corporation will be exempt from the operation of the Monopolies and Mergers Act 1965.
§ Mr. JayNo. Mergers proposed by the Industrial Reorganisation Corporation would be discussed at an early stage with the Board of Trade, who would consider them in the same way as they would consider any other proposal for a merger. The Corporation would not proceed with its proposal if there was a risk of public detriment sufficient to justify further investigation by the Monopolies Commission.