§ Mr. Gryllsasked the Secretary of State for Industry if he will list the shares held by the National Enterprise Board at 16 March, stating the cost of the shares, the percentage of the total equity they represent, the value of the shares at 16 March and what loans the National Enterprise Board has made to the companies where applicable.
§ Mr. Les Huckfield, pursuant to his reply [Official Report, 20 March 1979; Vol. 964, c. 556], gave the following information:
The reply which I gave on 15 November 1979—[Vol. 958, c. 222–26]—and amended on 24 January 1979—[Vol. 960. c. 157–58]—should be further updated as follows to show the position as at 16 March 1979:
723W
724W725W
Company Numbers and description of shares held by the NEB Percentage of nominal value of total equity Cost £'000 Share value (stock exchange closing price 16 March 1979) Barrow Hepburn Ltd. … … … 1,000,000 25p Ordinary … … 4.1 450 33p BL Ltd. … … … 1,144,554,026 50p Ordinary … … 98.9 695,523 20p Brown Boveri Kent Ltd. … … … 10,856,585 25p Ordinary … … 20.0 3,293 62p George P. Brown (Holdings) Ltd. … … … 575,000 £1 Ordinary … … 49.0 575 — Burndept Electronics Ltd. … … … 510,000 £1 Ordinary … … 51.0 510 — Cambridge Instrument Co. Ltd. … … … 712,684,255 £1 Ordinary … … 87.1 8,020 — 4,261,757 10p Ordinary … … 50,000,000 1p Ordinary … … Not equity 500 — Ferranti Ltd. … … … 10,666,666 50p Ordinary … … 50.0 6,933 410p Ferranti Resin Ltd. … … … 294,000 £1 Ordinary … … 49.0 294 — ICL Ltd. … … … 8,342,250 £1 Ordinary … … 25.0 12,956 484p Inmos Ltd. … … … 370,000 25p Ordinary … … 67.3 92 — 25,000 £100 Preference … … Not equity 2,500 — INSAC Data Systems Ltd. … … … 3,150,000 £1 Ordinary … … 100.0 3,150 — Logica Holdings Ltd. … … … 32,240 £1 Ordinary … … 20.0 1,171 — Logica Securities Ltd. … … … 20,000 £1 Ordinary … … 200 1,000 — Logica VTS Ltd. … … … 14,438 25p Ordinary … … 43.0 1,800 — Middle East Building Services Ltd. … … … 18,750 £1 Ordinary … … 29.6 19 — Negretti and Zambra Ltd. … … … 960,000 25p Deferred Ordinary … … 29.8 710 81p … … … 460,622 £1 Redeemable Preference … … Not equity 461 — Nexos Ltd. … … … 50,000 £1 Ordinary … … 100.0 50 — Rigby Electronics Ltd. … … … 75,000 £1 Ordinary … … 28.5 75 — Sinclair Radionics Ltd. … … … 75,000 £1 Ordinary … … 73.3 650 — 200,000 £1 Preference … … 4,200,000 £1 Redeemable Preference … … Not equity 4,200 — Systime Ltd. 862£1 Ordinary … … 28.1 557 — 476 £1 Preference … … Wholesale Vehicle Finance Ltd. … … … 3,564,000 £1 Ordinary … … 77.5 3,564 — The information on loans which the Board has made to companies up to 31 January last and which are set out in my Department's booklet"National Enterprise Board: Facts and Figures "—a copy of which is in the Library—should be updated as follows:
£m Systems Programming Holdings Ltd. 0.85 Wholesale Vehicle Finance Ltd. 1.17 Mayflower Packaging Ltd. 0.01 F. W. Elliott (Holdings) Ltd. 0.20