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Public Sector Companies

Volume 15: debated on Monday 14 December 1981

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asked the Prime Minister if she will list those industries and companies which are State-owned, or in which the Government own shares, giving the percentage stake where appropriate.

The information requested is set out as follows. Details of the subsidiaries, associated companies or minority interests of each of these industries, companies and other bodies are given in their published annual reports and accounts. The list excludes companies in receivership, liquidation or no longer trading in which the Government own only non-voting shares.

Nationalised Industries

  • National Coal Board
  • Electricity Supply Industry (England and Wales)
  • North of Scotland Hydro-Electric Board
  • South of Scotland Electricity Board
  • British Gas Corporation
  • British National Oil Corporation
  • British Steel Corporation
  • Post Office Corporation
  • British Telecommunications Corporation
  • National Girobank
  • British Airways Board
  • British Airports Authority
  • British Railways Board
  • British Transport Docks Board
  • British Waterways Board
  • National Bus Company
  • Scottish Transport Group
  • British Shipbuilders

Companies Act Companies

Percentage of shares held by the Government

Amersham International100·00
American Monitor International84·00
Ards Holdings28·00

Companies Act Companies

Percentage of shares held by the Government

Ben Sherman (1975)100·00
British Aerospace48·43
British Leyland99·60
British Nuclear Fuels100·00
The British Petroleum Company Ltd.‡21·89
Cable and Wireless50·40
Channel Tunnel Company100·00
Cinee Textiles46·30
Cor Van Houghton28·60
C. P. Trim49·00
C. Walker and Son (Ireland)49·90
Franzen UK25·00
Harland & Wolff100·00
International Military Services100·00
Irlandus Circuits40·00
Issac Hamilton25·00
John Hastie (Greenock)41·00
Kearney and Trecker Martin26·50
Lintrend Development (Northern Ireland)99·90
Mersey Docks and Harbour Company*20·00
National Freight Company†100·00
National Nuclear Corporation35·00
National Seed Development Organisation100·00
Northern Ireland Planners100·00
Norton Villiers Triumph21·60
Oaks Development Laboratories (Ireland)25·00
Power Automation Products49·00
Rolls Royce100·00
Short Brothers100·00
Sperrin Textiles31·00
Standard Mills (Rochdale)57·00
Tufted Carpet Tile28·60
Ulster Catamics47·70
Viking Manufacturing100·00

*Further special rights are also guaranteed to the Government.

†The Government intend to sell their shares in the NFC before the end of this financial year.
‡As the Financial Secretary announced in a parliamentary answer on 21 October, the Government plan to transfer this shareholding to the Treasury, which should take place in January/February 1982.

There is a number of other companies in which the Government have a nominal interest, or which have no share capital. In addition, a number of the public corporations listed in table 5.1 of the Public Expenditure White Paper, Cmnd. 8175, e.g. the National Enterprise Board and the Civil Aviation Authority, could also be regarded as falling into the same category.