§ Mr. Madelasked the Secretary of State for Trade and Industry if he will make a further statement about the position of 111W the investments transferred to him from the Industrial Reorganisation Corporation.
§ Mr. ChatawayThe list of holdings as at the 1st April 1973 is given below. A
INDUSTRIAL REORGANISATION CORPORATION INVESTMENTS TRANSFERRED TO THE SECRETARY OF STATE FOR TRADE AND INDUSTRY—HOLDING AT 1ST APRIL 1973 Loans British Leyland Motor Corporation Limited … … £10,000,000 Unsecured Loan Clarke Chapman-John Thompson Limited … … £3,500,000 Unsecured Loan Herbert Ingersoll Limited (In Receivership) … … £237,000 Unsecured Loan Marwin Holdings Limited … … £750,000 Unsecured Loan Nuclear Enterprises Limited … … £500,000 Unsecured Loan Samuel-Osborn Company Limited … … £1,750,000 Secured Loan Loans Convertible into Equity Marwin Holdings Limited … … £1,750,000 8 per cent. Convertible Loan Rolls-Royce Limited (In Liquidation) … … £8,500,000 Unsecured Convertible Loan Equity and Preference Shares Cost British Nuclear Design and Construction Ltd: 260,000 Ordinary Shares of £1 … … £260,000 Brown Bayley Limited: 2,400,000 Ordinary Shares of £1 … … See Note George Kent Limited: … … 3,017,577 Ordinary Shares of 50p … … £6,504,861 1,244,180 Deferred Ordinary Shares of 50p … … Herbert Ingersoll Limited (In Receivership): 36,750 "B" Ordinary Shares of £1 … … £257,250 Kearney and Trecker Limited: 300,000 Redeemable Convertible Third Preference Shares of £1 £300,000 Nuclear Enterprises Limited: 7,353 "B" Ordinary Shares of £1 … … £100,000 Note: The following investments are held by Brown Bayley Limited:—
Brown Bayley Steels Limited—2,404,000 Shares of 50p—£1,470,453
112W
CHANGES DURING THE PERIOD 1ST OCTOBER 1972 TO 31ST MARCH 1973 INVESTMENTS DISPOSED OF Loans British Leyland Motor Corporation Limited … … £5,000,000 Unsecured Loan Clarke Chapman-John Thompson Limited … … £1,500,000 Unsecured Loan (Part) Harwood Cash and Company Limited … … £1,200,000 Secured Loan Equity and Preference Shares Cost Herbert Ingersoll Limited (In Receivership): 38,250 "A" Ordinary Shares of £1 … … £267,750 separate heading shows the investments disposed of during the period since 1st October 1972. No advances against outstanding commitments were made during this period.