§ 26. Mr. Gryllsasked the Secretary of State for Industry if he will make a statement on the National Enterprise Board's capital structure; and what would be the debt-to-equity ratio appropriate to its interest in those companies where the Government's shareholding has been transferred to the National Enterprise Board.
§ Mr. KaufmanMy right hon. Friend is still having discussions with the 11W Treasury and the National Enterprise Board on an appropriate capital structure for the NEB. As for the Government's interests in companies which have been transferred to the NEB, equity that is transferred shall take the form of public dividend capital and loans that are transferred of loan capital.