HC Deb 28 November 1974 vol 882 cc252-3W
Mr. Stanley

asked the Secretary of State for Industry why he announced that a bank guarantee would be made available to Scientific and Medical Instruments Ltd. under Section 8 of the Industry Act before either the amount or the terms of the bank guarantee had been settled.

Mr. Gregor Mackenzie

The announcement was necessary to inform the shareholders of George Kent Ltd. before the extraordinary meeting on 14th November.