§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry what principles his Department has developed as a basis of common practice for firms and businesses to be privatised in the valuation of(a) property assets, (b) subsidiary shareholding, (c) stocks, (d) good will, (e) other assets, and (f) debt; what consultations he had with the accountancy profession in developing these standards; and how they are reviewed after each individual privatisation.
§ Mr. RedwoodMy Department takes appropriate professional advice on the basis of the particular circumstances and requirements of each firm or business to be privatised.