Alfred Herbert Limited

34.

Mr. Edelman
asked the Secretary of State for Industry what are the Government's intentions relating to their future financial interest in Alfred Herbert Limited; and what measures of reorganisation he proposes for that company.

Mr. Gregor Mackenzie
Consideration of the future of this company is well advanced. We will bring our proposals for the company before the House as soon as we are ready. We have meanwhile increased the level of the Government's guarantee in respect of the company's bank overdraft from £4 million to £5 million.