§ Mr. Kenneth Clarkeasked the Secretary of State for Industry whether the Government support the policy of the European Commission that an increased effort is required to co-ordinate national
Company Principal activities Number and description of shares acquired in the period Percentage now held by NEB Cost (£'000) Automation & Technical Services (Holdings) Ltd. Construction of telemetry systems. 30,000—£1 ordinary 30.0 50 100,000—£1 preference 100.0 100 British Leyland Ltd. Vehicle manufacture 838,068,322*—50p ordinary n.a. 251,420† Herbert Ltd. Production of machine tools. 40,000–25p ordinary 100.0 10,000 United Medical Enterprises Ltd. Provision of medical services overseas. 4,543,280—£1 ordinary 70.0 5,774 Vicort of London Ltd. Manufacture of sports equipment. 140,000—£1 convertible redeemable preference. 100.0 140 In addition the NEB provided British Leyland Ltd. with £275 million of interim finance on 22nd March 1978, £251,420,497 of which was repaid on 21st April 1978. * This represents the minimum subscription under the NEB's Underwriting Agreement for British Leyland's Rights Issue. † The shares are at present partly paid (at 30p): the balance (20p) will be payable in September.