§ Mr. Trotterasked the Secretary of State for Industry what discussions he has had with the National Enterprise Board about the board's investment policy, and the Government's industrial strategy in the light of the £84,000 purchaser, of shares by the board in Hivent Ltd., which company subsequently became insolvent and dismissed its workers.
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§ Mr. KaufmanThe NEB's acquisition of shares in this company, at a cost of £54,000, did not require the consent of my right hon. Friend. It was a matter for the NEB, acting within the policy guidance agreed by the Government and announced by my right hon. Friend on 1st December 1976.