§ Mr. Prescottasked the Chancellor of the Exchequer how many apppointments the Government have made to the Board of the British Petroleum Company; who were appointed; and how long is their period of appointment.
§ Mr. DellThe present Government directors are Lord Greenhill of Harrow—appointed 8th November 1973—and Mr. Tom Jackson—appointed 12th March 1975. They hold office for three years.
§ Mr. Prescottasked the Chancellor of the Exchequer what financial guidelines the Government provides for the financial guidance of British Petroleum; and whether he has any plans to change these.
§ Mr. DellNone, apart from the statutory requirements of the Companies Act.
§ Mr. Prescottasked the Chancellor of the Exchequer what is now the proportion of shares held by the Government in the British Petroleum Company.
§ Mr. DellThe Government own 48.2 per cent. of the ordinary shares of the company, and the Bank of England 251W bought a further 20.15 per cent. of the shares in January 1975.