HC Deb 05 May 1971 vol 816 c374W
Mr. Chichester-Clark

asked the Secretary of State for the Environment what steps he proposes to take to ensure full price competition in the cement industry.

Mr. Amery

None. The Restrictive Practices Court found that the Cement Makers' Federation's common price agreement did not operate against the public interest because, under this system of pricing, cement manufacturers were willing to accept a substantially lower rate of return on capital than under conditions of free competition.