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Investors In Industry

Volume 87: debated on Monday 18 November 1985

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asked the Chancellor of the Exchequer what is the extent of the public stake in Investors in Industry.

The Government hold no direct stake, but the Bank of England holds 15ยท02 per cent. of the shares of Investors in Industry.

asked the Chancellor of the Exchequer if the Bank of England retains a nominee director on the board of Investors in Industry.

No; but, coincidentally, a member of the board of Investors in Industry is a non-executive director of the Bank of England.

asked the Chancellor of the Exchequer what steps the Bank of England takes to monitor the affairs and lending policy of Investors in Industry.

As one of its major shareholders the Bank of England keeps in close touch with the general management of Investors in Industry but as a matter of policy takes no part in lending or investment decisions.