§ Mr. Gryllsasked the Secretary of State for Industry whether the balance of the £150 million public funding under section 8(8) of the Industry Act 1975, for British Leyland has yet been authorised for payment to the National Enteprise Board by his Department; and how much of the money has been paid so far by the National Enterprise Board to British Leyland in the financial year 1978–79.
§ Mr. Les HuckfieldThe £150 million public funding authorised by resolution 255W of the House under section 8(8) of the Industry Act 1972 on 10 April 1978 was paid in conjunction with the two tranches of BL's rights issue—£90 million in April and £60 million in September. The payments were reimbursement to the NEB for the acquisition of shares in BL.
§ Mr. Gryllsasked the Secretary of State for Industry when he expects to place in the Library the report from the National Enterprise Board on British Leyland.
Mr. Alan Williams, pursuant to his reply [Official Report, 7 February 1979], gave the following information:
My right hon. Friend hopes to make a statement on the NEB's recommendations on BL's corporate plan, and place the NEB's report to the House, in the Library before the Easter Recess.