HC Deb 07 February 1967 vol 740 c274W
85. Mr. Biggs-Davison

asked the Chancellor of the Exchequer whether he will make a statement about the foreign exchange involved in the buying out of British shareholders in the Imperial Typewriter Company by Litton Industries Incorporated of Beverley Hills, California.

Mr. MacDermot

The offer by Litton Industries, of 12s 6d. a share, amounted to about £1,920,000. All the finance required was provided from external sources.