HC Deb 21 February 1978 vol 944 cc569-70W
Mr. Grylls

asked the Secretary of State for Industry if he will describe the principal activities of Systems Programming Holdings Ltd., in which the National Enterprise Board has invested £600,000.

Mr. Les Huckfield

The company develops and produces computer software.

Mr. Grylls

asked the Secretary of State for Industry (1) if he will describe the principal activities of Francis Shaw and Co. Ltd., in which the National Enterprise Board has invested £546,000;

(2) if he will describe the principal activities of Systems Designers International Ltd., in which the National Enterprise Board has invested £184,000;

(3) if he will described the principal activities of Systime Ltd., in which the National Enterprise Board has invested £504,000.

Mr. Les Huckfield

My right hon. Friend's approval was not required for these investments and these are therefore matters for the Board.

Mr. Kaufman

Under the provisions of the Aircraft and Shipbuilding Industries Act the compensation for these companies is not related to their net assets at their respective vesting dates. The information requested is as follows: