HC Deb 22 February 1990 vol 167 c856W
Mr. Thornton

To ask the Secretary of State for Transport when he intends to dispose of his shares in the Mersey Docks and Harbour Company.

Mr. McLoughlin

I have concluded that it would not be appropriate for the Government to seek to dispose of their ordinary shares in the company now in view of the inquiries by inspectors appointed by my right hon. Friend the Secretary of State for Trade and Industry. My hon. Friend the Financial Secretary to the Treasury and I have, therefore, decided that in accordance with the Government's general policy on Government shareholdings the ordinary shares should be transferred into the ownership of the Treasury. At the same time I intend to relinquish the right attaching to the special share which enables my right hon. Friend to appoint up to three directors of the company.

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