Private Companies (Government Holdings)

HC Deb 22 May 1972 vol 837 cc250-1W

Mr. Skeet

asked the Secretary of State for Trade and Industry if he will list the public acts which enable the Government to acquire share capital in private companies in return for loans, grants or assistance from public funds.

Mr. John Davies

I am enabled to acquire share capital in private companies under the following Acts:—

• Industry Act, 1971,
• Rolls Royce (Purchase) Act, 1971,
• Atomic Energy Authority Act, 1971 and
• The Local Employment Act, 1972.