§ Mr. George Cunninghamasked the Secretary of State for Foreign and Commonwealth Affairs what is the extent of the Crown Agents' financial interest in English and Continental Property Holdings Ltd. ; and what representation the Crown Agents have had on the board of that company since 1st November 1973.
§ Lord BalnielThe Crown Agents have had no representation in this company since 1st November 1973. It is a wholly owned subsidiary of English and Continental Investments Ltd., on whose board the Crown Agents' representative was Mr. A. H. Challis from 1st until 11th November 1973, the latter being the effective date of his resignation from the Crown Agents. The Crown Agents have had no representation on the board of that company since that date. Their financial interest is in English and Continental Investments Ltd. where they hold 12½ per
Wholly-owned subsidiaries
Four Millbank Holdings Ltd.
Four Millbank Nominees Ltd.
Four Millbank Investments Ltd.
Millbank Technical Services Ltd.
Other Companies Holding Percentage Burcup Ltd. … … … … 80 Caribbean Bank (Cayman) Ltd … … … … 40 Crown Continental Merchant Bank (Jamaica) Ltd. … … … … 40 Crown International Productions Ltd … … … … 80 English & Continental Investment Ltd … … … … 12½ + 6 shares English & Continental Property Co. Ltd … … … … 51 First National Finance Corporation … … … … 5.84 E.D. Sassoon Bank & Trust International Ltd. … … … … 75 TAL Ltd … … … … 80 through Burcup Ltd. Television International Operations Ltd. … … … … 40 Wallace Bros. Holdings Ltd. … … … … 25 + 1 share I hope that the above meets the hon. Member's requirements. If he desires further information, perhaps he will write to me.