Value Added Tax (Hansard, 3 July 1972)

§ Mr. Faulds

asked the Chancellor of the Exchequer whether value added tax will be levied on subscriptions to the National Trust.

Name of Company	Number of shares held
Beagle Aircraft Ltd. (in liquidation	1,000,000 £1 Ordinary shares
British Nuclear Design & Construction Limited	26,000 £1 Ordinary shares (a)
British Petroleum Co. Limited	174,461,538 £1 Ordinary Stock
	1,000 £18% Cumulative First Preference Stock
British Sugar Corporation	1,125,000 £1 Ordinary shares (b)
Brown Bayley Limited	2,400,000 £1 Ordinary shares (a)
Cable and Wireless	30,000,000 £1 shares
Cammell Laird (Shipbuilding & Engineering) Limited	1,500,000 £1 Ordinary shares (c)
George Kent Limited	3,017,577 Ordinary shares of 50p (a)
	1,244,180 Deferred Ordinary shares of 50p (a)
Herbert Ingersoll Limited	38,250 "A" £1 Ordinary shares (a)
	36,750 "B" £1 Ordinary shares (a)
International Computers (Holdings) Limited	3,500,000 £1 "C" Ordinary shares (d)
Itabira Iron Ore Co. Limited (in liquidation)	61,220 £1 First Preference shares
	380,000 £1 Second Preference shares
	493,982 £1 Ordinary shares
Kearney and Trecker Limited	300,000 Redeemable Convertible £1 Third Preference shares (a)
Nuclear Enterprises Limited	7,353 £1 "B" Ordinary shares (a)
Power Jets (R & D) Limited (in liquidation	200,000 £1 Ordinary shares
Rolls-Royce (1971) Limited	30,000 000 £1 shares
SB (Realisations) Limited (e)	42,050 5% Redeemable Cumulative £1 Preference
	shares 581,302 25p Ordinary shares
	250,000 25p "A" Ordinary shares
Suez Finance Company	645,591 FF 100 Capital shares
Toplis and Harding (Middle East) Limited	998 50p shares
Upper Clyde Shipbuilders Limited (in liquidation)	875,000 £1 Ordinary shares,
	12,000,000 25p shares (f)
Welsh Highland Light Railway (in liquidation)	5% Debenture Stock (£35,774)
Notes
(a) Equity and preference shares previously held by the Industrial Reorganisation Corporation but transferred to the Secretary of State for Trade and Industry on 1st May, 1971.
(b) The Sugar Board holds an additional 2,500,000 £1 Ordinary shares.
(c) The Public Trustee holds these shares on behalf of the Secretary of State for Trade and Industry.
(d) The Government have so far paid only l0p for each share. The balance of 90p per share is due on 28th September, 1972.
(e) SB (Realisations) Ltd. is the holding company for the Government's 69.50 per cent, shareholding in Short Brothers and Harland.
(f) These 25p shares were previously held by the Shipbuilding Industry Board, but were transferred to the Secretary of State for Trade and Industry on 1st January, 1972.
N.B. This table covers all the shareholdings held by Government Departments except for a number of small groups of shares held mainly by the Ministry of Agriculture, Fisheries and Food in mixed agricultural enterprises such as agriculturalco-operatives. These shares were listed in a reply to the hon. member for Leeds South (Mr. Merlyn Rees) on 25th January, 1972[Vol. 829 c. 381–382]: their total nominal value is very small. Unsecured and secured loans made by the former Industrial Reorganisation Corporation, and which have been transferred to the Secretary of State for Trade and Industry, have been excluded.

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