semi-state

I think it would be agreed by all that in the last ten or 15 years we have seen a remarkable growth of these State and semi-State companies, by which I mean companies in which our Minister for Finance holds shares and very often holds the dominating number of shares.

There now remains the fourth side of the square, which is devoted to the state and semi-state carriages. The semi-state carriages, eleven in number, are chiefly of modern make.