Joint Stock Companies (Valuation of Government Holdings)

HC Deb 26 July 1971 vol 822 cc8-9W

48. Mr. Douglas

asked the Secretary of State for Trade and Industry if he will make a statement on the criteria used to value shares and/or assets held by the Government in joint stock companies before sale to private bidders.

Mr. John Davies

In disposing of Government-held shares or assets for which I am responsible I shall have regard to market values, the need to safeguard public funds, the industrial logic of the sale and, where necessary, any special factors that may be involved. I shall also have regard to expert advice where appropriate.