§ Mr. Nellistasked the Chancellor of the Exchequer what moneys have been paid to Kleinwort, Benson Ltd by his Department in the last seven years; and for what services.
§ Mr. MoorePayments made to individual financial advisers in respect of work carried out for the Government are generally treated as commercially confidential. The work done for the Government by Kleinwort, Benson Ltd in the privatisation programme up to June 1985 was detailed in the replies I gave to the hon. Member for Thurrock (Dr. McDonald) on 3 April 1984, at columns 451–54, and 12 June 1985, at columns497–98, respectively and to the hon. Member for Sedgefield (Mr. Blair) on 24 May 1985 at columns 562–66. Since then, the Treasury has sold its residual shareholdings in Britoil plc and Cable and Wireless plc. Kleinwort, Benson Lid acted as one of the underwriters in both these sales.