§ Mr. Sproatasked the Secretary of State for Trade if he will list the names of all the natianalised industries for which he is the sponsoring Minister, all the subsidiary companies of those nationalised industries and the names of all companies in which his Department, or bodies answerable to his Department, have a majority or minority interest.
§ Mr. BiffenThe Department of Trade sponsors the following nationalised industries:
- British Airports Authority (BAA)
- British Airways.
BAA has one subsidary, British Airports International Ltd. British Airways have a number of subsidiary companies. These are set out on page 66 of the board's annual report and accounts for 1979–80, a copy of which is in the Library of the House.
The Department has a majority interest in two companies concerned with marine navigation in the Middle East:
- Red Sea Lights Company
- Middle East Navigational Aid Services.
In addition, the National Film Finance Corporation, for which the Department has responsibility, has three subsidiary companies:
- National Film Trustee Company Ltd.
- National Film Development Fund Ltd.
- National Film Finance Consortium Ltd.