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Mr. Maxton
To ask the Chancellor of the Exchequer if he will give the same figures as those provided in his answer of 29 October, Official Report, columns 363–64(a) exclusive of privatised investment and (b) deflated by the general deflator.
Mr. Norman Lamont
Figures, excluding privatised investment, are not readily available and could be provided only at disproportionate cost. Regional deflators are not calculated and the CSO believes that the use of a
Shareholdings1 in privatised and former government-controlled companies | ||||||||
Size of share register | ||||||||
Company | Date of Privatisation | Initial | Highest since privatisation | Current | Proportion of shares initially retained by | Proportion and dates of subsequent HMG disposals | ||
Number | Date | Number | Date | HMG | ||||
British Aerospace | February 1981 | 157,829 | 120,200 | December 1986 | 97,600 | December 1989 | 48·43% | 48·43%/10 May 1985 |
Cable and Wireless | October 1981 | 27,320 | 210,994 | March 1986 | 166,179 | 31 March 1990 | 50·64% | 27·54%/November 1983: 23·1%/December 1985 |
Amersham International | February 1982 | 10,051 | 8,601 | June 1982 | 5,787 | June 1990 | Nil | |
Britoil | November 1982 | 37,257 | 241,000 | owned by BP | 49% | 49%/8 August 1985 | ||
Associated British Ports | February 1983 | 37,205 | 12,321 | Jule 1989 | 12,000 | 31 December 1989 | 48·5% | 48·5%/17 April 1984 |
Enterprise Oil | June 1984 | 13,695 | 14,166 | January 1985 | 10,207 | 31 December 1989 | Nil | |
Jaguar | July 1984 | 125,000 | 64,126 | November 1984 | owned by Ford | Nil | ||
British Telecom | November 1984 | 2,051,373 | 1,649,722 | November 1985 | 1,200,655 | 31 March 1990 | 49·8% | 0·8%/December 1987 |
British Gas | December 1986 | 4,407,079 | 3,100,000 | July 1987 | 2,480,564 | 30 April 1990 | 3·3% | 1·6%/January 1990: 1·6%/July 1990 |
British Airways | February 1987 | 1,200,000 | 450,000 | July 1987 | 314,039 | 15 May 1990 | 2·5% | 1%/June 1987: 1%/March 1990 |
Rolls Royce | May 1987 | 2,000,000 | 925,000 | December 1987 | 738,659 | 31 December 1989 | 0·4% | 0·4% sold during 1987 |
BAA | July 1987 | 2,187,500 | 1,350,000 | November 1987 | 798,643 | June 1990 | 4·36% | 1·42%/August 1990 |
British Steel | December 1988 | 650,000 | 400,000 | January 1989 | 318,025 | 23 August 1990 | 0·05% | 0·04% disposed of during 1989. On 12 November 1990 HMG held about 0·002% |
Water and Sewerage Companies | December 1989 | 2,650,0002 | N/A | l,318,3522 | June 1990 | 1·62% | ||
1 These figures are not an exact guide to the number of shareholders in each company because some holdings are held jointly in more than one name. They also include holdings in employee share schemes. | ||||||||
2 The offer allowed for holdings by individuals in any or all of the 10 companies and therefore holders may appear on more than one register. |