Savoy Hotels, Ltd. (Directors' Observations)

Oral Answers to Questions — Trade and Commerce – in the House of Commons at 12:00 am on 8th April 1954.

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Photo of Sir Eric Fletcher Sir Eric Fletcher , Islington East 12:00 am, 8th April 1954

asked the President of the Board of Trade if he is now in a position to state what steps he intends to take about the observations received from the directors of the Savoy Hotels, Ltd.

Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth

No, Sir; this matter is still under consideration.

Photo of Sir Eric Fletcher Sir Eric Fletcher , Islington East

I am sure the President will agree that this matter ought not to be left in suspension much longer. He has had these observations for about a month. When will he be able to make a statement to the House?

Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth

These matters raise complicated points of company administration and law. I am pressing on with these investigations as quickly as I can and I should hope to be able to make an announcement about it fairly soon.

Photo of Mr Douglas Jay Mr Douglas Jay , Battersea North

Is this yet another example of what the Prime Minister called the fanatical activity of the President of the Board of Trade?

Photo of Mr Peter Thorneycroft Mr Peter Thorneycroft , Monmouth

I hope it is an example of the cool, calm and calculated consideration that I give to all matters.