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National Enterprise Board

Volume 940: debated on Wednesday 30 November 1977

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asked the Secretary of State for Industry if he will make a statement on how he is conforming with the Schedule to the National Enterprise Board Guidelines 2(ii); and when he will publish his assessment of the National Enterprise Board's performance.

The NEB's performance will be assessed by the Government in the course of its annual review of the NEB's corporate plan, as supplemented by quarterly reports; and on the NEB's success in meeting the financial duties determined by my right hon. Friend under Section 6 of the Industry Act 1975. There is no requirement laid on my right hon. Friend to publish any such assessment.

asked the Secretary of State for Industry how many of the subsidiary or associate companies of the National Enterprise Board have entered into planning agreements.

I have nothing to add to the answer my hon. Friend, the Under-Secretary of State, gave to my hon. Friend, the Member for Goole (Dr. Marshall) on 14th November—[Vol. 939, c. 35–6].

asked the Secretary of State for Industry if, following the Treasury Minute, Command Paper No. 6977, in reply to the Committee of Public Accounts 1976–77, he will explain how he will decide the financial duties of the National Enterprise Board in respect of its investments in British Leyland and Rolls-Royce Limited; and whether and when he will publish precise rates of return for these two companies.

My right hon. Friend will determine these duties in the light of, the NEB's recommendations on the companies' corporate plans, and keep the House informed.