§ Mr. Ridleyasked the Chancellor of the Exchequer what was the total value of the compensation stock used to pay for the nationalisation of steel.
§ Mr. Harold LeverThe nominal value of compensation stock, 61 per cent. Treasury Stock, 1971, issued so far is £508,190,192.2s. 11d.
The securities of G.K.N. Steel Company Limited, the Parkgate Iron and Steel Company Limited, and Round Oak Steel Works Limited are still the subject of negotiations between the stockholders' representatives and the Ministry of Power. Their values will be announced when agreed, and 6½ per cent. Treasury Stock, 1971, issued accordingly.