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Treasury

Answer

Mr. Brady: To ask the Chancellor of the Exchequer if he will list all shareholdings currently held by Her Majesty's Government, together with an approximate market value for each where this is available. [96403] Miss Melanie Johnson: The information is shown in the table. This shows the nominal values of government shareholdings held at 31 March 1999, as reported to the Treasury, excluding shares held for possible distribution as bonus shares to eligible shareholders. An approximate market value, based on their closing prices on 31 March 1999, is also shown for those of the shares quoted on the London Stock Exchange. This information is not available in other cases, either because the assets held are not marketable or because a market value could not be obtained without disproportionate cost. Government shareholdings at 31 March 1999 £ _________________________________________________________________________________________________. Department/description of holding Nominal value Approximate market value Ministry of Defence AWE Plc: £ Preferential Share 1 n/a AWE pensions Trustees Ltd.: £1 Preferential 1 n/a Share British Shipping Federation Ltd.: £1 7.5% 55,040 n/a Non-Cumulative Irredeemable Preference Shares Chamber of Shipping: £1 7.5% Non-Cumulative 688 n/a Irredeemable Preference Shares International Military Services Ltd.: Shares 19,999,999 n/a at cost Royal Dockyard Devonport plc: £1 1 n/a Preferential Share Royal Dockyard Rosyth plc: £1 Preferential 1 n/a Share Department of the Environment, Transport and the Regions BAA: £1 Special Share 1 n/a Docklands Light Railway: £1 Shares 100 n/a DoT Share offer (No. 1): £1 Shares 2 n/a DoT Share offer (No. 2): £1 Shares 2 n/a Eurostar (UK) Ltd.: £1 Special Share 1 n/a Intercapital and Regional Rail Ltd.: £1 1 n/a Special Share London and Continental Railways Ltd.: 25p 1 n/a Special Shares Railsale Ltd.: £1 Ordinary Shares 100 n/a Railtrack Ltd.: 4,087,165 25p Shares 1,021,791 57.8 million Railtrack Share Offer: £1 Shares 2 n/a Sealink Stena Line Ltd.: Preference Share 1 n/a Foreign and Commonwealth Office Holding of shares in Chilean schools 4,900 n/a Calcutta Clinic 268 n/a Jakarta International School Bond 22.372 n/a Caracas School 794 n/a Quito School 8,384 n/a Santiago School 360 n/a Home Office HM Prison Service holdings: 38,814 Dairy 9,704 105,000 Crest Shares 12,771 Genus Shares 1,277 n/a 3,998 National Milk Records Shares 400 n/a Inland Revenue Holdings of miscellaneous foreign bonds and 821,910 n/a shares in Companies Scottish Office West Highlands Crofters and Farmers Ltd. 10 n/a Department of Trade and Industry AEA Technology plc: £1 Special Rights 1 n/a Preference Share British Aerospace plc: £1 Special Rights 1 n/a Preference Share British Energy plc: £1 Special Shares 1 n/a £1 Ordinary Shares 5,006,246 29.7 million British Nuclear Fuels plc: £1 Ordinary 32,668,243 n/a Shares Cable and Wireless £1 Special Rights 1 n/a Redeemable Preference Share National Grid Group plc: £1 Special Rights 1 n/a Redeemable Preference Share National Power plc: £1 Special Rights 1 n/a Redeemable Preference Share Nuclear Electric plc: £1 Ordinary Share 1 n/a PowerGen plc: £1 Special Rights Redeemable 1 n/a Preference Share Rolls Royce Ltd.: £1 Special Share 1 n/a United Kingdom Nirex Ltd.: £1 Special Share 1 n/a HM Treasury Bank of England: Capital Stock 14,553,000 n/a BAA plc: £1 Ordinary Shares 660 4,500 British Airways plc: 120 25p Ordinary Shares 30 500 British Energy: Bonds 2003 101,923,000 n/a Bonds 2006 144,291,000 n/a Bonds 2016 105,407,000 n/a British Telecommunications plc: 10.705.164 2,676,291 108.2 million 25p Ordinary Shares National Power plc: 50p Ordinary Shares 389,381 3.7 million PowerGen plc: 50p Ordinary Shares 678,710 9.3 million Railtrack Ltd.: Bonds 2006 694,000 n/a Bonds 2016 516,000 n/a Scottish Power plc: Bonds 2001 142,000,000 n/a _________________________________________________________________________________________________.

Secondary information

Type

Written question

Reference

337 c240-2W;337 c240-1W; 96403

Session

1998-99

Subjects

Government departments Government shareholding Shares

Contains statistics

Yes