§ Mr. Gordon BrownTo ask the Secretary of State for Defence whether he is in a position to use a golden share over any takeover of Rosyth dockyard and under what condition.
§ Mr. Sainsbury[holding answer 12 June 1989]: No takeover of Rosyth dockyard is proposed. The special share held by Secretary of State is in the Rosyth Royal Dockyard plc and not the Dockyard Management Company, in which Thorn EMI currently holds a 35 per cent. shareholding. Any change in the share ownership of the management company must receive the prior written approval of the Secretary of State.