asked the Secretary of State for Trade whether he is satisfied that the proposal of Mr. Narby of Eurocanadian to transfer from Eurocanadian shares in Furness Withy to a company owned by himself and his family which itself owns the majority of the shares of Eurocanadian will comply with the order of the Office of Fair Trading in 1976 that the Eurocanadian holding in Furness Withy will be reduced to 10 per cent. by December.

I have asked the Director General of Fair Trading for advice under section 88(4) of the Fair Trading Act 1973 and will decide in the the light of that advice what action, if any, is appropriate. I will let my hon. Friend know of my decision.