HC Deb 23 February 1978 vol 944 cc791-2W
Mr. Rooker

asked the Secretary of State for Industry why his Department has not yet replied to the letter from

as at 31st January 1978, and the type of share.

Mr. Les Huckfield

With my right hon. Friend's statutory approval the Board acquired 49 per cent. of the ordinary share capital of North East Audio Ltd. I understand that this in turn enabled that company to acquire Ferrograph Ltd., but this latter acquistion did not require my right hon. Friend's approval. It is a matter for the Board and North East Audio Ltd.