HC Deb 18 July 1985 vol 83 cc218-9W
Mr. Gwilym Jones

asked the Secretary of State for Wales what is to happen to the industrial assets of Cwmbran development corporation when that body is wound up.

Mr. Nicholas Edwards

As part of the Government's policy of reducing public sector borrowing, the corporation is expected to take all reasonable steps to dispose of its assets to the private sector. However, I have decided that any residual industrial assets should be transferred to the Welsh development agency. Discussions have been held with Cwmbran development corporation and the WDA and it has been agreed that the transfer should take place on 30 September 1987.

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