HC Deb 03 March 1977 vol 927 cc310-1W
Mr. Dan Jones

asked the Secretary of State for Industry if he will name those companies in which his Department holds an equity interest, and what the percentage of total equity of each of the companies the Department's holding

DEPARTMENT OF INDUSTRY SHAREOLDINGS
Government holding as a percentage of total issued share capital
Appledore Shipbuilders Limited … … 100 per cent.
Beagle Aircraft Limited (in liquidation) … … 100 per cent.
Cable and Wireless Limited … … 100 per cent.
Cammell Laird Shipbuilders Limited … … 22.8 per cent. (50 per cent. of the ordinary shares).
Govan Shipbuilders Limited … … 100 per cent.
John Hastie and Company Limited (in Receivership) … … 63 per cent. (33⅓per cent. of the ordinary shares and 100 per cent. of the A preference shares).
John Hastie of Greenock (Holdings) Limited … … 47 per cent. (100 per cent. of the B and C Redeemable participating preference shares).
Kearney and Trekker Marwin Limited … … 26 per cent. (100 per cent. of 13½B cumulative redeemable preference shares and 100 per cent. of 13½D cumulative redeemable preference shares).
KTM Machine Tools (Holdings) Limited … … 78 per cent. (50 per cent, of the ordinary shares, 50 per cent. of the redeemable convertible A preference shares and 100 per cent. of the redeemable B preference shares).
Marathon Shipbuilding (UK) Limited … … 52.3 per cent. (100 per cent. of the redeemable non-cumulative preference shares —nonvoting).
North East Coast Shiprepairers Limited … … 73.5 per cent. (100 per cent. of the ordinary shares).
Norton Villiers Triumph Limited … … 46.4 per cent. (100 per cent. of A redeemable preference shares and 100 per cent. of the B convertible redeemable preference shares).
SB (Realisations) Limited … … 100 per cent.
Short Brothers and Harland Limited … … The Department holds 4.84 million A preference shares of £1 which represents 81.3 per cent. of these shares; the Department has no direct equity stake in the company.
Sunderland Shipbuilding and Engineering Limited … … 100 per cent.
Upper Clyde Shipbuilders Limited (in liquidation) … … 48.4 per cent.
Wolverhampton Industrial Engines Limited … … 2.5 per cent. (100 per cent. of A Ordinary shares).