§ Mr. Kennedy
asked the Chancellor of the Exchequer what is his policy towards the treatment and destination of profits accruing to public sector bodies from the sale of part or all of their shares in companies in which they have invested; and if he will make a statement.
§ Mr. Moore
The treatment of disposal receipts of public sector bodies able to hold shares will vary according to the nature and scale of the holding concerned and the framework of their accounting arrangements. Such receipts would generally be taken into account in determining the public sector resources available to the body in question.