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Shares for NFC staff
Page 21
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THE Government will want to make shares in the National Freight Corporation available to its staff, said Mr Norman Fowler, Minister of Transport, in the Commons.
The corporation board had welcomed his proposal to introduce equity capital to the NFC, he observed, and he intended to bring forward legislation very shortly enabling him to change the corporation into a limited company with a view to selling the controlling interest to private investors.
Mr Harry Cowans (Labour, Newcastle Central) claimed that in May Mr Fowler was talking about a minority private share in NFC, in August about a majority private share, and three weeks later in September he was suggesting that the whole NFC be sold off to private industry.
The Minister replied that he did not believe these comments were accurate. He had always tried to make it clear that his concern was to get the National Freight Corporation into the private sector. He had been absolutely frank about what he intended.