HC Deb 31 January 1977 vol 925 cc15-6W
Mr. Tebbit

asked the Secretary of State for Industry if he will name the principal shareholders in Info-Line Ltd.

Mr. Les Huckfield

The Department of Industry, the British Library, the Chemical Society and the Institution of Electrical Engineers.

Mr. Tebbit

asked the Secretary of State for Industry why he is giving support to Info-Line Ltd.

Mr. Les Huckfield

I refer the hon. Member to the answer given to his Question on 27th January.—[Vol. 924, c.744].

Mr. Tebbit

asked the Secretary of State for Industry under what authority he intends to make £200,000 available to Info-Line Ltd.

Mr. Les Huckfield

Section 5 of the the Science and Technology Act 1965.

Mr. Tebbit

asked the Secretary of State for Industry in what way the proposed loans to Info-Line Ltd. will be secured.

Mr. Les Huckfield

It would be incompatible with the objects of the Department's sponsorship of Info-Line Ltd. to require that loans to it in its development period should be secured.

Mr. Tebbit

asked the Secretary of State for Industry if he expects to make available any further funds to Info-Line Ltd. beyond the £200,000 in loans so far announced.

Mr. Les Huckfield

I have at present no plans to make available loans exceeding £200,000.