HC Deb 03 April 1984 vol 57 cc452-3W
Dr. McDonald

asked the Chancellor of the Exchequer if he will list in the Official Report all the fees and commissions paid to primary underwriters, sub-underwriters, financial advisers, legal advisers and stockbrokers in respect of the issues for Amersham International Ltd., Associated British Ports, British Aerospace, British Railways Board hotels, Britoil, Cable and Wireless and the National Freight Corporation: and if he will name each firm concerned.

Mr. Moore

[pursuant to his reply, 27 March 1984, c. 108]: The main firms involved under each of the headings specified by the hon. Member are as follows:

Amersham International Associated Brttish Ports British Aerospace Britoil Cable and Wireless National Freight*
1981 share sale 1983 share sale Corporation
Varioust† Varioust† Varioust† Varioust† Varioust† Varioust† n.a.
Financial Advisers†
N. M. Rothschild & Sons J. Henry Scbroder Wagg &Co. Kleinwort, Benson S. G. Warburg & Co. Kleinwort, Benson Kleinwort, Benson J. Henry Schroder Wagg &Co.
Kleinwort, Benson N. M. Rothschild & Sons Fielding, Newson, Smith Baring Bros. & Co. N. M. Rothschild & Sons
Legal Advisers
Slaughter & May Slaughter & May Slaughter & May Freshfields Linklaters & Paines Freshfields Freshfields
Linklaters & Paines Linklaters & Paines Slaughter & May Linklaters & Paines
Freshfields Speechly Bircham
Stockbrokers
Cazenove & Co. Greenwell & Co. Hoare Govett Rowe & Pitman Cazenove & Co. Mullens & Co. n.a.
Cazenove & Co. Cazenove & Co. James Capel & Co. Cazenove & Co.
W. Greenwell & Co. Rowe & Pitman James Capel & Co.
Hoare Govett Rowe & Pitman
Wood, MacKenzie & Co.
Total Fee/Commissions (£'000 including VAT)
1,391 1,400 3,652 11,071 4,945 ║ 235
* Share placing with a management and employee consortium.
† Too numerous to list.
‡ Excludes auditors and accountants.
║ Final accounts for fees and commissions of the financial advisers, legal advisers and stockbrokers are not yet available.

The information and figures given do not include advice paid for by the companies being privatised which is not a matter for the Government. No advisers were retained by the Government in the disposal of British Rail hotels.