HC Deb 15 December 1976 vol 922 cc745-6W
Mr. Grylls

asked the Secretary of State for Industry what was the total amount of taxpayers' money committed to British Leyland through the National Enterprise Board up to 10th December 1976.

Mr. Les Huckfield

Agreement has been reached for the payment to British Leyland through the National Enterprise Board of up to £100 million of loan capital, this being the first stage of loan finance envisaged in the Ryder Report. No payment had been made at 10th December 1976.

Mr. Grylls

asked the Secretary of State for Industry what is the current Stock Exchange value of the National Enterprise shareholding in British Leyland.

Mr. Les Huckfield

The National Enterprise Board holds 246,490,683 Ordinary shares in British Leyland Ltd. The Stock Exchange closing price on 13th December was 23p per share, 95 per cent. of the equity in British Leyland is not available for trading.

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