§ Mr. Robert Hughes
asked the Secretary of State for Transport if, in the sale of National Bus Company subsidiaries, he has attached any conditions on the sale of property or on the use of property for development, other than for transport use.8W
§ Mr. Moore
Properties surplus to operational requirements are being removed from the subsidiaries and sold separately. Where an operational property has a potentially high alternative use value which could be realised in later years by redevelopment, or relocation of the subsidiary's activity, the National Bus Company is imposing a mortgage charge which secures for the taxpayer a substantial share of any future development gain.