§ Mr. Gryllsasked the Secretary of State for Industry whether he will show British Leyland (a) the number of employees, (b) the number of vehicles produced and (c) in (i) constant and (ii) current prices the amount of public funds in loans, grants and issues of public dividend or other capital provided and (d) in (i) constant and (ii) current prices any other overseas and market borrowing (other than short-term), for each year since the company was taken into public ownership.
§ Mr. Michael MarshallBL was taken into public ownership with the subscription of £200 million equity on 3 October 1975. The shareholding of the Secretary of State was transferred to the National Enterprise Board on 25 February 1976.
figures given below show borrowings from both public and private sources that were already on BL's balance sheet when the company was taken into public ownership, as well as new borrowings.
(iii) BL is eligible for the normal range of grants provided by Government including regional incentives. Details of grants paid to individual firms are not readily available.
T. Kingdon as Government-nominated directors of the Talbot Motor Company are; and when he last met either Mr. Grantham or Mr. Kingdon.
§ Mr. Michael MarshallI shall reply to my hon. Friend as soon as possible.