HC Deb 26 March 1979 vol 965 c41W
Mr. Grylls

asked the Secretary of State for Industry if he will name the companies in which he has a shareholding that had loans outstanding at 31 March 1978 (a) under the Industry Act 1972 and (b) other loans, including capitalised interest.

Mr. Les Huckfield

Following is the information:

  1. (a) Kearney and Trecker Marwin Limited Wolverhampton Industrial Engines Limited
  2. (b) Beagle Aircraft Limited (in liquidation) Upper Clyde Shipbuilders Limited (in liquidation)

Mr. Grylls

asked the Secretary of State for Industry what interests he expects to receive in 1978–79 and in 1979–80 on shares held in each of the following companies: Wolverhampton Industrial Engines Limited, Norton Villiers Triumph, KTM Machine Tools (Holdings) Limited, Kearney and Trecker Marwin Limited, and Dunford and Elliot Limited.

Mr. Les Huckfield

In 1978–79 my right hon. Friend received £60,572 in respect of this Department's holding of Dunford and Elliot Limited 12½ per cent. unsecured loan stock 1980–81 and £170,765 in respect of the 13½ per cent. cumulative redeemable preference B and D shares in Kearney and Trecker Marwin Limited. The latter receipts included some deferred dividend. My right hon. Friend expects to receive returns in accordance with the fixed rates in 1979–80. No dividends have been declared by the other companies in 1978–79 and it is not for me to forecast the companies' dividends for future years.