§ Mr. Proudfoot
asked the Chancellor of the Exchequer if he will list separately the registered companies in which the State has a shareholding; and if he will state the percentage shareholding in each company.
§ Mr. Patrick Jenkin
Following is the information:
Name of Company Government Shareholding (*) Per cent. British Petroleum Co. Ltd. 48.6 Beagle Aircraft Ltd. (in liquidation) 100.0 British Sugar Corporation Ltd. 11.3 Cable and Wireless Ltd. 100.0 Cammell Laird (Shipbuilders and Engineers) Ltd. 50.0(†) Compagnie Financiere de Suez 12.0(‡) International Computers Ltd. 10.5 Itabira Iron Ore Co. Ltd. (in liquidation) 100.0 Power Jets (R. & D.) Ltd. 100.0 S.B. (Realisations) Ltd.(§) 100.0 Toplis & Harding (Middle East) Ltd. 99.8 Upper Clyde Shipbuilders Ltd. 10.9 (*) In terms of percentage of equity held. (†) The Public Trustee holds these shares on behalf of the Minister of Technology. (‡) Approximate. (§) S.B. (Realisations) Ltd. is the holding company for the Government's share in Short Brothers & Harland (69.5 per cent.).
NOTE.—The table covers all companies in which Government Departments hold shares. Preference shares etc. in the above companies and a group of shares in mixed agricultural enterprises, such as agricultural co-operatives, have been excluded. The reports and accounts of the Nationalised Industries, the I.R.C. and other public corporations give information about their shareholdings.