Written question asked by Lord Lilley (Conservative) on Wednesday, 10 December 1997, in the House of Commons. It was due for an answer on Monday, 15 December 1997. It was answered by Gordon Brown (Labour) on Monday, 15 December 1997 on behalf of the Treasury.

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Treasury

Question

To ask Mr Chancellor of the Exchequer, when the transfer of legal interest in the 2.95 million TransTec shares to the Orion Trust took place; and if they were stamped by the Stamp Office of the Inland Revenue; and if the Paymaster General guaranteed the payment of loans to (a) Stenbell Ltd and (b) Orion Trust; if he will publish the advice given to the Paymaster General by Titmuss Samien Declient and Wilden Coe about the transaction between Orion Trust and Stenbel Ltd; and when Stenbell (a) purchased the rights to 9,805,550 shares in TransTec plc, (b) exercised those rights and (c) sold the shares in TransTec to the Orion Trust; how Stenbell Ltd financed the purchase and exercise of the rights to 9,805,550 shares in TransTec plc from the Paymaster General; who was the beneficial owner of the 2.95 million TransTec shares prior to their transfer into the Orion Trust; what factors led the Paymaster General not to transfer into his blind trust, the legal title to the whole of the amount owing to him beneficially by Stenbell Ltd; if he will publish the Deed of Addition settling 2.95 million TransTec shares into the Orion Trust; if the shares in TransTec plc owned by Stenbell Ltd were offered to potential buyers other than the Orion Trust; if the Orion Trust holds assets through a controlled body corporate; and if he will publish the transfer documents relating to the 2.95 million TransTec shares settled into the Orion Trust.

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Secondary information

Type

Written question

Reference

303 c2W; 20914;20964;20919;20924;20925;20922;20921;20918;20923;20920;20913

Session

1997-98

Subjects

Shares Shareholders Offshore trusts TransTec Stenbell Orion Trust Robinson, Geoffrey