§ Mr. Andrew MitchellTo ask the Secretary of State for the Environment what further progress he has made with the water share offers.
§ Mr. Howard[pursuant to his reply, 22 November 1989, c. 3]: The water share offers closed on 6 December. The United Kingdom public offers were 5.7 times subscribed in aggregate, triggering both overseas and institutional clawback in each of the offers. This represents a very satisfactory outcome.
I have placed in the Library of the House details of the allocation of shares to applicants.