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Penrad Limited

Volume 932: debated on Thursday 26 May 1977

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asked the Secretary of State for Wales if he will list in the Official Report each date upon which public funds were made available to Penrad Limited, together with the amounts involved; and if he will estimate the current value of these funds on 25th May 1977.

A loan of £300,000 was advanced to Penrad under the provisions of Section 7 of the Industry Act on 7th April 1975. A further £100,000 was subscribed for redeemable preference shares under the same provisions on 14th June 1976. It is estimated that the current value of these funds would be £533,000.