§ Mr. Bishopasked the Chancellor of the Exchequer if he will list in the OFFICIAL REPORT those private companies or undertakings in which the Government have a financial interest, or to which they have made grants ; if he will state the amount and percentage of the holding and of the grants, respectively, and under what legislation such was made ; what representations he has on the boards or controlling body of such companies ; and whether he considers such to be adequate in relation to the amount of public money invested.
§ Mr. Nott, pursuant to his further reply [OFFICIAL REPORT, 22nd November 1973 ; Vol. 864, c. 478–82], added the following information :
Notes
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 agricultural co-operatives. Their total nominal value is very small.Launching aid, grants made under general schemes, grants made by the Shipbuilding Industry Board, and grants below £500,000 have been excluded.
- (a) Where the Government has a substantial shareholding it has a corresponding influence on appointments to the Board.
- (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) Previously Kearney & Trecker Limited.
- (e) This will be the percentage of the Government's holding in the new company on full conversion.