§ 68. Mr. Beresford Craddock
asked the President of the Board of Trade what progress has been made with regard to the formation of a successor to the British Lion Film Corporation.
§ Mr. H. Strauss
The Government have approved generally the proposals submitted by the National Film Finance Corporation for the formation of a new company, British Lion Films Limited, to undertake the distribution functions performed by the British Lion Film Corporation. The assets transferred to the new company include the majority share holding in British Lion Studio Company Limited, which controls the Shepperton Studios. The necessary arrangements are now being made and the new company will begin operations on 29th January.7W