Rolls-Royce

45.

Mr. Hickmet
asked the Secretary of State for Trade and Industry if he will make a statement about the future of Rolls-Royce.

Mr. Pattie
Subject to market conditions, the Government intend to return Rolls-Royce to the private sector in April or May 1987.

Mr. Nellist
asked the Secretary of State for Trade and Industry when he last met senior management of Rolls-Royce to discuss the proposed privatisation of the company.

Mr. Pattie
I am in frequent touch with the senior management of Rolls-Royce as the preparations for privatisation proceed.

Mr. Milian
asked the Secretary of State for Trade and Industry if he will give details of the years since 1971 in  which loans were made to Rolls-Royce Limited, the years in which the loans were repaid and the interest received by the Government in the relevant years.

Mr. Pattie
[pursuant to his answer, 24 February 1987]: Following is the information: -------------
|Fiscal year|
-------------
|1973–74    |
-------------
|1974–75    |
-------------
|1975–76    |
-------------
|1976–77    |
-------------
|1977–78    |
-------------
|1978–79    |
-------------
|1979–80    |
-------------
|1980–81    |
-------------
|1981–82    |
-------------