§ Mr. Skeetasked the Secretary of State for Trade and Industry whether the new 16W nuclear company has been formed pursuant to his recent statement; and if not when it is proposed to do so.
§ Mr. Tom BoardmanThe legal formalities should be completed soon.
§ Mr. Skeetasked the Secretary of State for Trade and Industry, as a result of the negotiations leading to the formation of a nuclear company, to what firms the 35 per cent. holding has been allocated; and what is the percentage equity granted in each case.
§ Mr. Tom BoardmanThe companies to be invited to subscribe and the conditions of shareholding are under consideration at present. Subject to decisions on certain legal and other matters, the necessary steps on the offer should be taken in the near future.
§ Mr. Skeetasked the Secretary of State for Trade and Industry when it is proposed to allocate the first contract to the new corporation; and whether the House will be advised of the reactor choice before a firm contract is negotiated.
§ Mr. Tom BoardmanProposals on the timing and type of the next orders for nuclear stations within this country are a matter for the electricity supply authorities. The Government's views will be made known appropriately before firm contracts are placed.