§ Mr. Gregor Mackenzieasked the Minister of Power if he will state the values under Section 11 of the Iron and Steel Act, 1967, of the securities covered by any Order that has been made declaring that the values have been determined.
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§ Mr. MarshBy an Order dated 29th determined. June, 1967, the values of the securities named below were declared to have been
Name of Company and Security Unit Compensation Value British Steel and Tube Limited D.L. Ordinary Shares … … £1 24s. 1d. S.D. Ordinary Shares … … £1 21s. 1d. S. & L. Ordinary Shares … … £1 31s. 7d. 5½ per cent. Cumulative Preference Shares … … £1 15s. 1d. 4½ per cent. Unsecured Loan Stock 1969–74 … … £100 £80 12s. 8d. Consett Iron Company Limited Ordinary Shares … … £1 15s. 8d. 5 per cent. Redeemable Debenture Stock 1975–85 … … £100 £77 6s. 7d. English Steel Corporation Limited 5½ per cent. Redeemable Cumulative Preference Shares … … £1 15s. 2d. 4½ per cent. Debenture Stock 1974–79 … … £100 £78 1s. 0d. 6¾ per cent. Debenture Stock 1985–90 … … £100 £99 2s. 3d. John Summers & Sons Limited Ordinary Shares … … £1 31s. 8d. 5½ per cent. Cumulative Preference Shares … … £1 15s. 5d. 6½ per cent. 2nd Debenture Stock 1976–78 … … £100 £102 7s. 3d. The Lancashire Steel Corporation Limited Ordinary Shares … … £1 26s. 5d. 5¾ per cent. Redeemable Cumulative Preference Shares … … £1 15s. 11d. The Steel Company of Wales Limited Ordinary Shares … … £1 25s. 3d. >5½ per cent. 1st Debenture Stock 1980–85 … … £100 £83 13s. 11d. 5¾ per cent. 2nd Debenture Stock 1964–87 … … £100 £83 10s. 2d. Stewarts and Lloyds Limited Ordinary Shares … … £1 0.00005d. 5½ per cent. Redeemable Cumulative Preference Shares … … £1 15s. 3d. 5½ per cent. Cumulative Preference Shares … … £1 15s. 3d.