§ 42. Mr. Gordon Prentice
To ask the hon. Member for Middlesbrough, representing the Church Commissioners, what factors the commissioners took into account when deciding to dispose of its holding in BAe. 
§ Mr. Stuart Bell
The Church's long-standing ethical investment policy is not to invest in companies whose main business or focus is in armaments, and shares in British Aerospace have never been held for this reason.
In view of the proposed sale of Marconi Defence Systems, the defence arm of GEC, to British Aerospace, the Church of England's Ethical Investment Working 68W Group has recommended to the Church's central investing bodies that they do not retain shares acquired in "new British Aerospace", as a result of the sale.