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  No need to think in terms of 'a buyer' that is not what we need.
  
  Instead a flotation of the present Board with no 'buyer' involved, no change in management either. The flotation can take place with a 'golden share' as I mentioned above with the balance of shares be opened up to purchase by institutions such as pension funds.
  
  This is how we can avoid a wholesale sell out to an individual buyer such as a foreign concern and keep it a British institution. The more shares we buy up locally the better and the more widely spread the others are the better too....
  
  As for the pension fund. I am afraid that the facts of life are that final salary pensions such as the DHB one are on their last gasps. I do not even expect them to be available to the Civil Service, NHS and other State employees much longer either. This is why we need a deal to be negotiated to protect existing pensioners and members as much as is reasonable.

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