Curb on State Manufacturers
Page 35
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L'MITED action has been taken by the Minister of Transport toward curbing the powers of State-controlled companies tci Manufacture vehicles under the provisions of the new Transport Bill. When the Bill is reported back to the Commons shortly, he will move an amendment to insert the following among the duties of the Holding Company.
" It shall, be the duty of the Holding Company to exercise its control over any wholly owned subsidiary of the Holding COmpany sb as to secure that the subsidiary does not engage in manufacture or production except -of thing's for use in their own business or for supply to a Board, or a wholly owned subsidiary of any Of the Boards or "of the Holding Company, for use in their business."
This measure, which 'would confine 'nationalizedcompinies' power of mum . ..
facture pnrely to things required by Other natiOrialized undertakings, does not seem to go far enough for the Tory critics of the " build-anything " clause, who have been continuing their fight this week. Mr. Marples is already understood to have offered an additional concession in the formof a declaration about exports, to he written into the Bill, but he has so far refused all arguments for reverting to the Status quo.
The Minister laid a succession of new Government amendments this week, 4nd before the Commons consider the Bill as amended, it will now probably re-enter 3 committee of the whole House.