State shareholding by local and regional authorities is an entirely new phenomenon. Over the last ten years local councils and regional authorities have acquired shares in public and private companies. Between 1968 and 1976 there were 20 companies in which 10 local authorities owned shares, 15 companies in which the 8 local authority Passenger Transport Executives (PTEs) owned shares, 23 companies in which the Highlands and Islands Development Board (HIDB) owned shares, and 17 companies in which the Northern Ireland Finance Corporation (NIFC) owned shares. There was therefore a total of 75 companies in which local and regional authorities acquired shares in this period.
KeywordsLocal Authority Central Government Regional Authority Central Authority County Council
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