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Mr. Austin Mitchell
To ask the Secretary of State for Trade and Industry whether he proposes any investigation into the role of Spicer and Pegler, now Spicer and Oppenheim, in the Barlow Clowes affair.
Mr. Redwood
No. The terms of reference of the Companies Act 1985 inspectors investigating the affairs of Barlow Clowes Gilt Managers Limited and the affairs of James Ferguson Holdings plc enable them to inquire into the role of Spicer and Oppenheim if they consider it necessary for the purpose of their investigations.