§ Mr. Simon Hughes
To ask the hon. Member for Middlesbrough, representing the Church Commissioners, how much of the Church's investment is in the defence and military hardware industries. 
§ Mr. Stuart Bell
The Commissioners do not invest in companies whose main business is the manufacture of armaments. The Commissioners' main investments in defence-related companies are presently in GEC and GKN. In addition, some of the companies in which the Commissioners hold shares may have small defence-related interests, ranging from electrical and electronic systems to engineering components, but these companies would not be described as military and certainly cannot be classified as armaments.