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Scottish Transport Group

Volume 124: debated on Thursday 17 December 1987

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To ask the Secretary of State for Scotland if he has proposals to privatise the Scottish Transport Group or any of its subsidiary companies during the next two years; and if he will make a statement.

I refer the hon. Member to the reply I gave to the hon. Member for Cunninghame, North (Mr. Wilson) on 3 December 1987 at column 669.

To ask the Secretary of State for Scotland what was the profit or loss of the Scottish Transport Group and each of its subsidiary companies in each year from 1983–84 and 1986–87; and what is the projected profit or loss for 1987 and 1989.

The Scottish Transport Group's annual accounts are prepared on a calendar year basis. The profit for the calendar years 1983 to 1986 inclusive is shown on page 28 of the group's annual report and accounts for 1986, a copy of which is available in the Library. Profit figures for each of the group's subsidiary companies for the calendar years to 1986 are contained in the annual reports of the companies, copies of which are deposited with the Registrar of Companies. Projected profits for both the current year and future years are matters of commercial confidence.

To ask the Secretary of State for Scotland what is the value of all assets held by the Scottish Transport Group and each of its subsidiary companies.

The value of all assets held by the Scottish Transport Group is set out in the group's annual report and accounts, a copy of which is available in the Library. Figures for each of its subsidiary companies are contained in the annual accounts of each of the companies, copies of which are deposited with the Registrar of Companies.