§ 53. Mr. Kaufmanasked the Secretary of State for Industry whether his undertaking, Official Report, 23 July, column 36, that there will be a complete safeguard against the ownership of a significant tranche of the reconstituted British Aerospace by a foreign competitor, is fulfilled by clause 6(2) of the British Aerospace Bill; and, if not, which provision of this Bill fulfils that undertaking.
§ Mr. Michael MarshallThe articles of association of the successor company, in which British Aerospace's undertaking is to vest under the British Aerospace Bill, will contain provision to limit the extent of foreign shareholding in the company, so as to ensure that the company cannot fall into foreign control.