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National Enterprise Board (Inmos Ltd Investment)

Volume 958: debated on Thursday 23 November 1978

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asked the Chancellor of the Exchequer when he gave his approval under the Exchange Control Act 1947 for the National Enterprise Board to invest in INMOS Ltd., Dallas, Texas; and how much capital has been transferred so far to Dallas.

Exchange control applications and approvals are confidential to the exchange control authorities. Details of the financial transactions involved in the INMOS investment are a matter for the National Enterprise Board and the company.