Richard Thomas and Baldwins, Limited

Part of Civil Estimates and Estimates for Revenue Departments, 1960–61. – in the House of Commons at 12:00 am on 27 June 1960.

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Photo of Mr John Jones Mr John Jones , Rotherham 12:00, 27 June 1960

The right hon. Gentleman the Minister of Power made a very pungent remark when he said that for the first time since the Tories were returned to power the Opposition had found something on which they could be united and enthusiastic about. We are perfectly entitled to be enthusiastic in our opposition to this blatant taking-over of Government assets at a time when the Government are complaining that they are short of money and that expenditure is rising. Yet they are taking away the opportunity for the State to earn money, which is now to be handed over to men like the hon. Member for Kidderminster (Mr. Nabarro) for instance.

I have to hand it to him, however, because he is at least prepared to tell the blatant and naked truth about the situation. He makes no bones about it whatever. In the last debate, he said that this was a "blue chip". He said that Richard Thomas and Baldwins was a prosperous concern and that he wanted to buy some shares in it.