§ Mr. Norris
asked the Secretary of State for Trade and Industry whether he has appointed merchant bank advisers for the privatisation of Rolls-Royce.
§ Mr. Pattie
Following my announcement on 4 June. Samuel Montagu and Co. Limited was appointed to give preliminary advice in connection with the privatisation of Rolls-Royce Limited. On 8 November, I indicated that I had received Samuel Montagu's advice, and I confirmed that, subject to market conditions, the Government intended to privatise Rolls-Royce before the end of the present Parliament. I have now decided to appoint Samuel Montagu as the Government's merchant bank adviser for the privatisation itself.