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Newspapers (Arab Shareholdings)

Volume 886: debated on Friday 21 February 1975

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asked the Secretary of State for Trade from whom special permission would be required by an Arab State or group of Arab States or their

(a) "Oil" is defined as Division 33 of the trade classification.

nominees from which to obtain a majority sharing in any British local or national newspaper; what considerations would be taken into account when considering such an application on its merits and by whom.

From the Bank of England, as agents of the Treasury for the purposes of the Exchange Control Act 1947, as amended. Considerations taken into account will include the industrial and other economic implications as well as the balance of payments effect. In some cases the provisions of the Fair Trading Act may be relevant.