QUESTIONS FOR ORAL ANSWER (Not reached by 12.00 noon) GOVERNMENT AND STATUTORY BOARD INVESTMENT IN COMPANIES (Particulars)

Dr Toh Chin Chye asked the Minister for Finance and Minister for Health (a) what is the amount of Government investment in companies and their subsidiaries; (b) what is the amount of investment in companies by statutory boards; (c) what are the profits and losses incurred by these off budget companies for 1984; and (d) whether he will give a complete list of companies, their subsidiaries and associate companies in which the Government and statutory boards have an interest.

Dr Hu Tsu Tau: (a) As at 31st December 1984, the cost of Government investment in companies and their subsidiaries was $2,641 million.

(b) As at 3lst December l984, the cost of investment in companies by statutory boards was $147 million.

(c) The total profit of companies under (b) for 1984 was $33.1 million. The statutory boards' share of the profit was $19.5 million, as they did not hold a 100% stake in each of the companies.

(d) The list of companies was circulated to the House on 6th March 1985.