§ Mr. Shoreasked the Secretary of State for Transport what arrangements he made when privatising publicly owned shares in the National Freight Corporation, to ensure that it remains in majority British control.
§ Mr. RidleyI am informed that the articles of association of the National Freight Consortium limit ownership of over 80 per cent. of the shares to employees, pensioners and their immediate families.
§ Mr. Shoreasked the Secretary of State for Transport what was the profit of the National Freight Corporation in the financial year immediately preceding privatisation.
§ Mr. RidleyThe profit was £4.3 million, before extraordinary items, in the year to 3 October 1981.