International Sleeping Car Trust.

Oral Answers to Questions — Trade and Commerce. – in the House of Commons on 14th July 1931.

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balance, will he tell the House whether the balance is in favour of the United States or against?


In the sense that there were more visible exports, it was in favour of the United States, but, of course, that is not by any means the end of the story.


Arising out of that—

Photo of Lieut-General Edward Fitzroy Lieut-General Edward Fitzroy , Daventry

We cannot enter into an argument.

Following is the statement:

tion has been called to the affairs of the International Sleeping Car Trust; and whether he will request the Law Officers of the Crown to investigate the circumstances surrounding the sale of the shares of the Compagnie Internationale de Wagon-Lits to the above-named trust?

Photo of Mr William Graham Mr William Graham , Edinburgh Central

The answer to both parts of the question is in the negative.

Photo of Mr Morgan Price Mr Morgan Price , Whitehaven

In view of the fact that £4,250,000 has been lost in this transaction, will the right hon. Gentleman ask the shareholders to ask for an inquiry, even if he cannot take the initiative?

Photo of Mr William Graham Mr William Graham , Edinburgh Central

That does not lie with me under the Companies Act, but, if the necessary support from shareholders is forthcoming, as I understand it, an inquiry will be made.