HC Deb 07 July 1971 vol 820 cc374-5W
82. Mr. Michael McNair-Wilson

asked the Secretary of State for the Environment whether he will make a further statement about the disposal of the subsidiary companies of the Transport Holding Company.

Mr. Peyton

The Holding Company have already disposed of their interest in the Penarth Dock Engineering Company, they have appointed a receiver for Skyways, and they hope shortly to complete the sale of Lunn-Poly to Cunards. The sale of Cook's must await legislation. The operations of the remaining subsidiary, Pickfords Travel Service Ltd., are integrated with those of other Pick-ford companies owned by the National Freight Corporation to which, with the agreement of both Chairmen, I propose to transfer it. The necessary Order under Section 53 of the Transport Act, 1968 will be laid before Parliament soon.