§ Mr. Gryllsasked the Secretary of State for Industry what was the total cost of the former Industrial Reorganisation Corporation's holding in Dunford and Elliott Ltd.; what was the consideration the National Enterprise Board received for this holding when it disposed of it to Lonrho Ltd.; and on what date he gave the National Enterprise Board his approval for this disposal.
§ Mr. Les HuckfieldThe total cost of the Industrial Reorganisation Corporation's holding in Dunford & Elliott Ltd. was £133,053. The holding was subsequently transferred to my Department and then to the National Enterprise Board, and it augmented it when it subscribed for a rights issue of preference shares. My right hon. Friend approved the dispersal by the Board of all these shares on 8th December 1976, and I understand that the consideration received was £353,794.