§ Mr. Gryllsasked the Secretary of State for Industry if he will lay a paper stating the consideration paid by the NEB for the shareholding in Data Recording Instruments Limited; and what proportion of the equity of this company this holding represents.
§ Mr. Les HuckfieldUnder Section 10(1)(a) of the Industry Act 1975 my right hon. Friend gave his consent to the 190W NEB acquiring more than 30 per cent. of the equity in the Data Recording Instrument Co. Ltd., at a price to be negotiated. The NEB has announced that it has acquired 53.93 per cent. of the equity, having subscribed for 2 million new £1 shares at par and having bought 400,000 at an undisclosed price from existing shareholders.