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Government Participation

Volume 885: debated on Friday 31 January 1975

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asked the Secretary of State for Industry if he will provide a list of all the companies the Government have taken shares in since 1st March 1974. showing what has happened to the value of the shares in each case and the number of days lost through industrial disputes in each company since that date.

The companies which the Government have taken shares in since 1st March 1974 are:

Kearney and Trecker Marwin Machine Tools (Holdings) Ltd.
Brown Boveri Kent Ltd.
Scientific and Medical Instruments Ltd.
The Court Line Shipbuilding, Shiprepairing and marine engineering companies.
Of these, the only company whose shares are quoted is Brown Boveri Kent Ltd. The Government acquired the shares in November 1974 through a rearrangement of their previous holding in the George Kent Group. Stock Exchange dealings began in December 1974 at 10p per share. The share price was 13p on 29th January 1975.It is not the Government's practice to publish statistics of stoppage of work due to industrial disputes naming individual companies.