Ferranti Limited

Mr. Alfred Morris
asked the Secretary of State for Industry what criteria will determine any decision to dispose of the National Enterprise Board's holding in Ferranti Limited; and if he will make a statement.

Mr. Michael Marshall
The revised guidelines will invite the Board, in preparing for any disposal, to seek to secure the highest available consideration subject  to the interests of the taxpayer and of the company, taking into account such other factors as the Secretary of State may draw to the Board's attention.