§ Mr. Deakinsasked the Chancellor of the Exchequer, which financial institution advised Her Majesty's Government about the level of the offer price for shares in British Telecom and the Trustee Savings Bank, respectively; and which financial institutions are advising Her Majesty's Government about the level of the offer price for shares in British Gas.
§ Mr. Norman LamontThe Government's advisers on the British Telecom offer for sale were Kleinwort Benson Ltd. and Hoare Govett Ltd. Advice about share pricing was also provided by Philips and Drew. N. M. Rothschild and Sons Ltd. and Cazenove and Co. are acting as the Government's advisers on the forthcoming Offer for Sale of shares in British Gas. The arrangements for the TSB flotation were entirely a matter for the TSB and its own financial advisers.