§ Mr. Gryllsasked the Secretary of State for Industry what is the current share valuation, as defined under paragraph 6 of Schedule 2 to the Industry Act 1975, of the following companies, now vested in the National Enterprise Board: Durnford & Elliott Limited, Ferranti Limited, Herbert Limited, Cambridge Instruments Limited, British Leyland Limited, Rolls-Royce Limited and Brown Boveri Limited.
§ Mr. Les HuckfieldThe arrangements set out at paragraph 6 of Schedule 2 to the Industry Act 1975 apply only on the transfer of publicly-owned property to the National Enterprise Board. I would refer the hon. Member to the statements which my right hon. Friend the Secretary of State for Industry laid before the House on 27th February and 8th March and the reply which my hon. Friend the Minister of State gave on 8th March in 11W answer to a Question from the hon. Member for Henley (Mr. Heseltine).