§ Mr. Spenceasked the Minister of Aviation Supply if he will explore with the Receiver/Manager of Rolls-Royce the feasibility of issuing to, and the acceptance by, creditors of that company of interest-bearing short-term loan stock in whole or in part satisfaction of debts due to creditors of the company.
§ Mr. CorfieldThe course suggested would complicate very considerably the arrangements for maintaining continuity in Rolls-Royce Ltd.'s important activities and in particular delay the start of operations of a new nationally owned company for aero-engine and certain other gas turbine work.
§ Mr. Spenceasked the Minister of Aviation Supply what he is doing towards the status and expectations of employee shareholders in Rolls-Royce.
§ Mr. CorfieldI cannot for the moment add to my answer of 10th February on this subject.—[Vol. 811, c.160–1.]