HC Deb 23 February 1976 vol 906 c90W
19. Mr. Rost

asked the Secretary of State for Industry when the 100 per cent. shareholding of Rolls-Royce (1971) Limited will be transferred to the National Enterprise Board; and on what terms of reference or guidelines the company will be managed.

Mr. Kaufman

I hope that the transfer will be made very shortly. The intention is that the relationships between the NEB and the company should be in accordance with a "memorandum of understanding" between the two parties which my right hon. Friend plans to make available to the House.

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