HC Deb 08 June 1976 vol 912 c627W
Mr. Sillars

asked the Secretary of State for Scotland what statutory powers he has to give the Scottish Development Agency a specific instruction to acquire ownership of the whole or part of a private company.

Mr. Gregor Mackenzie

Neither the Secretary of State nor the agency has power to acquire shareholdings compulsorily, but Sections 4 and 5 of the Scottish Development Agency Act 1975 contain powers which could be used to direct the agency to seek a negotiated purchase.