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Mr. Ernie Ross
asked the Secretary of State for Industry what types of enterprises can be assisted under the Industrial Common Ownership Act.
Mr. David Mitchell
Common ownership and co-operative enterprises which are wholly or mainly engaged in manufacturing industry can be assisted. In order to qualify for a loan they must be in possession of a certificate issued under the Industrial Common Ownership Act by either the Registrar of Friendly Societies—in the case of common ownerships—or the Secretary of State for Industry—in the case of co-operatives.