§ 48. Mr. Douglas
asked the Secretary of State for Trade and Industry if he will make a statement on the criteria used to value shares and/or assets held by the Government in joint stock companies before sale to private bidders.
§ Mr. John Davies
In disposing of Government-held shares or assets for which I am responsible I shall have regard to market values, the need to safeguard public funds, the industrial logic 9W of the sale and, where necessary, any special factors that may be involved. I shall also have regard to expert advice where appropriate.