§ 53. Mr. Nellistasked the Secretary of State for Trade and Industry if he will now make a statement on the privatisation of Self-Changing Gears Ltd. from BL to Cummins Engines.
§ Mr. Peter MorrisonBL announced on 21 April that agreement in principle had been reached on the acquisition of Self-Changing Gears Ltd. by the Cummins Engine Company. The BL board had examined a number of options but concluded that the offer from Cummins was the most competitive and in the best long-term interests of the company.