HC Deb 28 June 1976 vol 914 c10W
25. Mr. Atkinson

asked the Secretary of State for Industry what is the current relationship between the Government and Messrs. Kearney Trecker and Marwin Limited; and if the company has been asked to conclude a planning agreement or some other form of accountability to the Government.

Mr. Alan Williams

My Department holds preference shares in this company, as well as redeemable preference shares and half the equity in a holding company set up when the company was reconstructed in 1974. I hope to bring further proposals before the House shortly. I will bear in mind the possibility of offering a planning agreement; the company will of course continue to be accountable to the Department through the monitoring arrangements which are in force.