§ Sir A. Meyerasked the Secretary of State for Trade and Industry if he will provide a list of investments transferred to him from the Industrial Reorganisation Corporation on 1st May.
§ Mr. RidleyThe list is as follows:
15W
LOANS CONVERTIBLE INTO EQUITY Marwin (Holdings) Ltd. … … £750,000 8 % Convertible Loan Ransome Hoffmann Pollard Ltd. … … £6,211,004 8% Convertible Unsecured Loan Stock 1984 (subscribed at par). Rolls-Royce Ltd. … … £10,000,000 Unsecured Convertible Loan Spirella Group Ltd. … … £400,000 10% Convertible Unsecured Loan Stock 1977 (subscribed at par).
EQUITY AND PREFERENCE SHARES Cost British Nuclear Design & Construction Ltd. … … 260,000 Ordinary Shares of £1 … £260,000 Brown Bayley Ltd.‡ … … 2,400,000 Ordinary Shares of £1 … See note ‡ Chrysler (U.K.) Ltd. … … 7,561,140 7% Cumulative Preferred Ordinary Shares of 20p … £1,512,228 George Kent Ltd. … … 3,017,577 Ordinary Shares of 50p … £6,504,861 1,244,180 Deferred Ordinary Shares of 50p Herbert-Ingersoll Ltd. … … 38,250 "A" Ordinary Shares of £1 … £525,000 36,750 "B" Ordinary Shares of £1 … Kearney & Trecker Ltd. … … 300,000 Redeemable Convertible Third Preference Shares of £1 … £300,000 Nuclear Enterprises Ltd … … 7,353 "B" Ordinary Shares of £1 … £100,000 Ransome Hoffmann Pollard Ltd. … … 155,000 Ordinary Shares of 25p … £131,927 The Laird Group Ltd. … … 4,900,830 Ordinary Shares of 25p … £1,225,208 NOTES: * £500,000 of this loan has now been repaid. † This loan has now been repaid. ‡ The following investments are held by Brown Bayley Limited:— Brown Bayley Steels Ltd. … … 2,404,000 Shares of 50p … £1,470,453 Ransome Hoffmann Pollard Ltd. … … £2,700,000 8 % Convertible Unsecured Loan Stock 1984 … £2,700,000 1,200,000 Deferred Ordinary Shares of 25p £588,911