HC Deb 29 July 1982 vol 28 c640W
Mr. Grylls

asked the Secretary of State for Industry if it is within the National Enterprise Board's guidelines laid down by his Department for the board to invest in United States companies based in the United States of America.

Mr. Butcher

This is not precluded in cases where the board judges it appropriate to the performance of its statutory functions, including disposal of its investments.

Mr. Grylls

asked the Secretary of State for Industry what is the value of the National Enterprise Board's investment of $3.8 million, representing a 13 per cent. shareholding in Britton-Lee Inc. of California.

Mr. Butcher

This is a matter for the board.

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