HC Deb 12 May 1976 vol 911 cc209-10W
Mr. Kilroy-Silk

asked the Minister for Overseas Development what was the gain or loss on the recent sale by the Crown Agents of the 10 per cent. stake in Westralian Holdings, 20 per cent. stake in Perhad, and their interest in the Orchard Square Development Corporation.

Mr. Prentice

There was a profit over the historic cost of the investments of £180,360 in the case of Westralian Holdings, and of £286,708 in that of Malaysian International Merchant Bankers Berhad. There was a loss on the Crown Agents' interest in Orchard Square Development Corporation. Provision of £2,973,000 has already been made for this in the published 1974 Accounts. Some minor adjustment to this figure may be needed when the final transactions relating to the disposal of the holdings have been completed.

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