§ Mr. Trotterasked the Secretary of State for Industry what was the net worth according to their books of the Court Line Companies taken over by the State; and how this net worth compares with the purchase price.
§ Mr. MeacherThe shipbuilding, ship repairing and associated interests of Court Line Limited had a net asset value of approximately £14.8 million at the time they were acquired by the Government.
Date of appointment Date of termination of appointment Full-time Members Sir William Ryland, Chairman … … 1st January 1975 31st December 1977 Sir Edward Fennessy, Deputy Chairman … 10th March 1975 24th July 1977 Mr. M. Elderfield … … … … 1st April 1975 31st March 1980 Part-time Members Sir Morien Morgan … … … … 17th March 1975 16th March 1976 Mr. C. Foster … … … … … 17th March 1975 16th March 1976 Mr. J. Read … … … … … 1st April 1975 31st March 1976 Lord Pitt … … … … … 1st June 1975 31st May 1976 Mr. Whitney Straight, part-time deputy Chairman, retired from the board at the end of his term of appointment on 31st December 1974. Professor Sir James Lighthill resigned from the board on 31st December 1974 while there was still two years of his term of office to run. The demands of his professorial duties was the reason.
The Post Office Board is now only one member short of its statutory limit of 12 excluding the Chairman.
§ Mr. Michael Marshallasked the Secretary of State for Industry what is his latest estimate of the anticipated trading results for the Post Office during the current year.
§ Mr. Gregor MackenzieI would refer the hon. Member to the reply I gave to the hon. Member for Henley (Mr. Heseltine) on 1st May 1975.—[Vol. 891, c.222.]