Holding Companies.

Part of Oral Answers to Questions — Coal Industry. – in the House of Commons on 15th February 1938.

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Photo of Captain Harry Crookshank Captain Harry Crookshank , Gainsborough

I am not aware of the existence of holding companies of the nature described, and with regard to the second and third parts of the question I would point out that not only are the sales by all colliery companies controlled under the provisions of the selling schemes, but also that it is competent, under the wages ascertatainment machinery, for accountants acting on behalf of the workmen to ensure that sales to ancillary concerns, including distributing organisations, are included in the colliery books at a fair market price.