HC Deb 15 November 1973 vol 864 cc258-9W
Mr. Norman Lamont

asked the Secretary of State for Trade and Industry if he will make a further statement about the position of the investments transferred to him from the Industrial Reorganisation Corporation.

Mr. Chataway

The list of holdings as at 1st October 1973 is given below. A separate heading shows the investments disposed of during the period since 1st April 1973. No advances against outstanding commitments were made during, this period.

INDUSTRIAL REORGANISATION CORPORATION INVESTMENTS TRANSFERRED TO THE SECRETARY OF STATE FOR TRADE AND INDUSTRY, HOLDING AT 1ST OCTOBER 1973
Loans
British Leyland Motar Corporation Limited £10,000,000 Unsecured Loan
Clarke Chapman-John Thompson Limited £3,000,000 Unsecured Loan
Marwin (Holdings) Limited £250,000 Unsecured Loan
Nucler Enterprises Limited £500,000 Unsecured Loan
Samuel-Osborn & Company Limited £1,750,000 Secured Loan
Equity and Preference Shares Cost
British Nuclear Design &x Construction Ltd.
260,000 Ordinary Shares of £1 £260,000
Brown Bayley Limited
2,400,000 Ordinary Shares of £1 See Note (1)
George Kent Limited
3,017,577 Ordinary Shares of 50p £6,504,861
1,244,180 Deferred Ordinary Shares of 50p
Kearney & Trecker Marwin Limited
300,000 Redeemable Convertible Third Preference Shares of £1 £300,000 (See Note (2))
Nuclear Enterprises Limited
7,353 "B" Ordinary Shares of £1 £100,000
Notes:
(1) The following investment is held by Brown Bayley Limited: Brown Bayley Steels Limited, 2,404,000 Shares of 50p—£1,470,453.
(2) Previously Kearney & Trecker Limited.
Changes during the period 1st April to 30th September 1973 Investments disposed of
Loans
Clark Chapman-John Thompson Limited £500,000 Unsecured Loan (Part)
Herbert Ingersoll Ltd. (In Receivership) £237,500 Unsecured Loan (Part)
Marwin (Holdings Ltd). £500,000 Unsecured Loan (Part)
Loans Convertible into Equity
Marwin (Holdings Ltd). £750,000 8 per cent. Convertible Loan
Rolls-Royce Limited (In Liquidation) £8,500,000 Unsecured Convertible Loan (Part)
Equity and Perference Shares Cost
Herbert Ingersoll Limited (In Receivership): 36,750 "B" Ordinary Shares of £1 £257,250

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