HC Deb 05 December 1975 vol 901 c401W
Mr. Stanley

asked the Secretary of State for Industry what are the capital requirements of Ferranti Limited for the next 12 months; what is the capital structure that he envisages for the company; and if he will make a statement.

Mr. Kaufman

The Government's holding in Ferranti Limited is to be transferred to the National Enterprise Board. It will be for the Board in the first place to consider with the company any future capital requirements and the capital structure of the company.

Mr. Stanley

asked the Secretary of State for Industry under what sections of which Acts he has built up a 50.6 per cent. shareholding in Ferranti Ltd.

Mr. Gregor Mackenzie

Section 7 of of Industry Act 1972.