§ Mr. Hugh Jenkinsasked the Secretary of State for Trade why he did not raise objections to the sale of preference shares by the NFFC in British Lion referred to in his Written Answer of 2nd November, Official Report, column 578.
§ Mr. Dell, pursuant to his reply [Official Report, 15th November 1976; Vol. 919, c. 395], gave the following information:
The decision to sell was a matter for the NFFC board, which kept my Department informed of the circumstances in which it was negotiating to sell and of the nature of the professional advice which it had received on an appropriate sale price. I saw no grounds for intervening.