In regard to the second point., however, the Report is
of opinion that less than justice has been done to the Company. The official support given to the Company was completely justified by the needs, and it holds that " there has been neither favouritism nor corruption." It will be remembered that corruption was freely charged against men well known in public life. The selection of the British Cellulose Company, says the Report, was also justified by their special knowledge and facilities. The Report adds that " it was a natural result of the policy pursued that the concern which succeeded in getting the position of sole supplier of cellulose acetate during the war would obtain a highly favoured position after the war." The Report con- cludes : " If all the facts which we have sifted with so negative a result had been available last year to the critics of the Company and its proceedings, we think that their conclusions would, to 414.y the least. have undergone large modification."