§ Mr. Soamesasked the Secretary of State for Trade and Industry what plans he has for the Government's shareholding in Kearney and Trecker Marwin Ltd.
§ Mr. Kenneth BakerThe Department's holding of 1,233,935 "C" redeemable preference shares of £ 1 each was redeemed by the company in 1983.
Under arrangements made in 1976 the Department still holds 800,000 "B" redeemable preference shares of £1 each and 100,000 "D" redeemable preference shares of £l each. The terms of the 1976 arrangements require these shares to be redeemed by 31 December 1986.
The Department keeps its shareholding under regular review.