§ Mr. Ralph Howellasked the Secretary of State for Industry if he will take steps to denationalise or sell Redpath Dorman Long.
§ Mr. Michael MarshallThe British Steel Corporation is currently reviewing the possibility of introducing private capital into a number of its activities, and I do not consider that it would be helpful at this stage to use powers of direction to require the corporation to dispose of particular assets, such as Redpath Dorman Long Ltd.
REDPATH DORMAN LONG 1970–71✶ 1971–72✶ 1972–73 1973–74 1974–75 1975–76 1976–77 1977–78 1978–79 1979–80 £ million Turnover 92.7 55.0 52.8 59.1 93.6 138.7 127.0 105.7 109.1 118 Profit/(Loss) 0.3 0.7 0.5 (4.6) (11.2) (2.0) 2.3 (5.4) (5.4) (16) Net Assets 23.0 17.7 9.7 20.4 8.6 33.2 16.6 10.8 24.0 17 ✶ Before April 1972 RDL formed the Structural or Constructional Engineering Division of the Corporation.