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Industry Money (No 2)

Volume 978: debated on Wednesday 6 February 1980

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Queen's Recommendation having been signified

Resolved,

That, for the purposes of any Act of the present Session to make further provision in relation to the National Enterprise Board, the Scottish Development Agency, the Welsh Development Agency and the English Industrial Estates Corporation, and to amend the Industry Act 1972 and the Industry Act 1975, it is expedient to authorise the payment out of money provided by Parliament of any expenditure incurred by the Secretary of State—
  • (a) in respect of the acquisition of securities of, the making of loans to, and the guaranteeing of obligations (arising out of loans or otherwise) of any company in which he or his nominee acquires from the National Enterprise Board shares carrying in the aggregate more than half the voting rights exercisable at general meetings of the company, and
  • (b) in making provision for the giving of advice to persons carrying on or proposing to carry on a business.—[Mr. Newton.]