Power of Board to Acquire Shares in Certain Companies

Part of Clause 1 – in the House of Commons at 12:00 am on 25th July 1968.

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Photo of Mr Robert Maclennan Mr Robert Maclennan , Caithness and Sutherland 12:00 am, 25th July 1968

This is an important Amendment and I am glad that the House is having an opportunity to consider it. Earlier in the proceedings on the Bill, particularly in Committee, I expressed the hope that this power could be added to the Bill in another place. I am happy that that was done. As the Bill is drafted it allows the Highlands and Islands Development Board to buy and hold shares in companies which are already going concerns—