§ Mr. Harold Leverasked the Secretary of State for Trade and Industry what action he proposes to take in relation to the recent dealings in the shares of the National Group of Unit Trusts of which details have been supplied by the right hon. Member for Manchester, Cheetham.
§ Sir G. HoweI have decided to appoint Inspectors under Section 165(b) of the Companies Act 1948 to investigate the affairs of First Reinvestment Trust Limited and Nelson Financial Trust Limited. The names of the two inspectors will be announced as soon as possible. The inspectors have powers to investigate any matters that appear to them to be relevant. If it should emerge in the course of their inquiries that any extension of the investigation is necessary I shall be ready to consider it.