HC Deb 23 November 1978 vol 958 cc688-9W
Mr. Grylls

asked the Secretary of State for Industry on what date the National Enterprise Board took up the extra 2,500 £100 preference shares in Inmos Ltd.

Mr. Les Huckfield

This is a matter for the board.

Mr. Grylls

asked the Secretary of State for Industry whether the National Enterprise Board has consulted him about disposing of the private medical interests of its subsidiary company, United Medical Enterprises Ltd.

Mr. Les Huckfield

The NEB sought my right hon. Friend's statutory consent to its acquiring more than 30 per cent. of the voting share capital of United Medical Enterprises Ltd., and obtained it on condition that the private medical interests which the company would acquire as a consequence of its take-over of Allied Investments Ltd. would be disposed of as soon as possible. These interests were subsequently sold.

Mr. Grylls

asked the Secretary of State for Industry whether the National Enterprise Board informed him of, or consulted him about, its investment in Allied Investments.

Mr. Les Huckfield

My right hon. Friend's consent was sought and obtained by the board for an investment in this company by its subsidiary United Medical Enterprises.

Payment now authorized Total payments on account
£000 £000
British Aircraft Corporation (Holdings) Limited 30,350 40,000
Scottish Aviation Limited 400 1,050
Brooke Marine Limited 250 650
Cammell Laird Shipbuilders Limited 150 400
Hall Russell Company Ltd. 250 650
Hawthorn Leslie (Engineers) Ltd. 150 550
John G. Kincaid Company Limited 800 2,250
Scott Lithgow Limited 600 750
Scott Lithgow Drydocks Limited 750
Vickers Shipbuilding Group Limited 3,200 8,450
Vosper Thornycroft (UK) Limited 700 1,350
Vosper Shiprepairers Limited 1,350
Yarrow Shipbuilders Limited 850 2,250
Yarrow Training Limited 2,250
37,700 58,350