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Tuesday, 9 October 1956

Mr McEWEN - The inevitable preparatory work for the establishment of this important corporation has been proceeding. The most critical single issue, of course, is the choice of the chairman of the corporation. The Government's agency, the Department of Trade, has interviewed a very considerable number of prospective appointees to the senior offices of the authority. All I can say at the moment is that I think we are very close to the point at which those important positions will be filled. The gentlemen who are appointed will find that a great deal of the preparatory work connected with the establishment of the corporation has been done, and 1 should expect that there will be no considerable delay before it becomes operative. It is known that there is a fairly widespread interest in the facilities intended to be provided by the corporation, but because as yet there is no authority able to give a decision upon applications, nor indeed to specify the details of the cover offered, explicit requests for cover are not coming in at the present time.

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