HC Deb 25 January 1979 vol 961 c225W
Mr. Grylls

asked the Secretary of State for Industry if he will give details of the individual borrowings of the subsidiary companies of the National Enterprise Board at 18 January 1978, included in the £1,500 million referred to in his speech to the House on 18 January 1978.

Mr. Les Huckfield

No; these are commercially confidential.

Mr. Grylls

asked the Secretary of State for Industry on what date he gave his consent under section 10 of the Industry Act 1975 for the National Enterprise Board to acquire 30 per cent. of the nominal value of the total equity in Agemaspark Ltd.; what is the number of type of shares acquired; and what was the cost to the Board.

Mr. Les Huckfield

The Board acquired 3,700 £1 ordinary shares and 50,000 8 per cent. £1 cumulative redeemable preference shares in Agemaspark Ltd. at a cost of £150,000. My right hon. Friend gave his statutory consent to this acquisition on 17 August 1976.