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implement these recommendations, to draw a line between

the monitoring process itself and interference in the

companies' internal management. It is essential that we

limit our role to that of monitoring.

11.

In the course of the review, the consultants

examined longer term considerations and the negotiating

position of the Government vis à vis the power companies.

Some views were conveyed to the Administration by the

consultants, and whilst no firm recommendations have been

made it is our intention to give further consideration to

the various points made. They are of relevance to the

next regular review of the Schemes of Control due in 1988

but do not form part of the report which is to be

published tomorrow.

12.

Sir, I believe, and I hope that Members of this

Council will agree with me, that the consultants have

provided in their report that comprehensive and

independent management audit for which both the Government

and the public were looking. We consider that our

monitoring arrangements have provided proper and adequate

safeguards. But we have always sought to improve our

procedures, and the consultants

recommendations will

assist us in continuing this process.

/13.

Any monitoring