HC Deb 23 February 1987 vol 111 cc9-10W
Mr. Cohen

asked the Secretary of State for Trade and Industry if he will appoint inspectors to inquire into the alleged activities of Cazenove and Hill Samuel in setting up with the aid of Barclays and Midland Banks a share buying mechanism in connection with the bid by Turner

Mr. Nicholas Edwards

The information is as follows:

and Newall for AE, in respect of which the two banks were subsequently indemnified against any loss; and if he will make a statement.

Mr. Channon

My Department has been kept informed by the Bank of England about the inquiries which as part of its supervisory activities it is making into this matter. The information available from this and other sources does not constitute sufficient grounds to justify an investigation under the Companies Act.