§ Mr. David Mitchellasked the Minister of Transport what is her estimate of the value of the assets to be transferred to the National Bus Company; and on what basis and on what assumptions about the relevant dates this valuation is based.
§ Mr. SwinglerThe assets to be transferred to the National Bus Company are primarily the shareholdings of the Transport Holding Company in bus companies and in bus manufacturing companies. The book values of these shareholdings in the books of the Transport Holding Company, allowing for the proposed acquisition of bus companies in the B.E.T. Group, is of the order of £120 million. My right hon. Friend will be appointing consultants to advise her, after consultation with the National Bus Company, about the detailed implementation of the relevant provisions of the Transport Bill.