§ Mr. Austin MitchellTo ask the Secretary of State for Trade and Industry whether any of the companies in which he has an equity interest or a golden share do not make it their practice to depreciate freehold buildings.
§ Mr. RedwoodI understand that all such companies depreciate their freehold buildings, other than investment property which is treated as required by the relevant accounting standard. This information is taken from the latest available annual accounts of British Aerospace plc, British Steel plc, British Telecommunications plc, Cable and Wireless plc and Rolls-Royce plc.