HC Deb 26 November 1976 vol 921 c346

Mr. Secretary Varley, supported by the Prime Minister, Mrs. Secretary Williams, Mr. Secretary Milian, Mr. Secretary John Morris, Mr. Secretary Mulley, Mr. Secretary Booth, Mr. Secretary Dell, Mr. Reginald Prentice, Mr. Gerald Kaufman and Mr. Les Huckfield, presented a Bill to provide for the establishment of two bodies corporate to be called British Aerospace and British Shipbuilders and to make provision with respect to their functions; to provide for the vesting in British Aerospace of the securities of certain companies engaged in manufacturing aircraft and guided weapons and the vesting in British Shipbuilders of the securities of certain companies engaged in shipbuilding and allied industries; to make provision for the vesting in those companies of certain property, rights and liabilities; to provide for payments to British Aerospace and its wholly owned subsidiaries, for the purpose of promoting the design, development and production of civil aircraft; and for connected purposes: and the same was read the First time; and ordered to be read a Second time upon Monday next and to be printed. [Bill 8.]