Part of Oral Answers to Questions — Food Supplies – in the House of Commons at 12:00 am on 7 November 1949.
Mr Evelyn Strachey
, Dundee
12:00,
7 November 1949
No, Sir. The Overseas Food Corporation have stated in their report why it was not found possible to maintain during their financial year 1948–49 accounts and records which for all aspects of their operations conformed to the best commercial standards. I understand from the Corporation that they are confident that the measures which they are taking will correct these shortcomings, which have been discussed fully by them with their auditors. The Overseas Food Corporation are not bound by the terms of the Companies Act, 1948. Their responsibilities, duties and obligations are defined by the Overseas Resources Development Act.