HC Deb 25 April 1978 vol 948 c529W
Mr. Kenneth Clarke

asked 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.