19 FEBRUARY 1994, Page 25

Mistaken identity

Sir: I read John Plender's article on the forthcoming House of Fraser flotation in this week's issue with interest (`Rubbing shoulders with the Queen', 5 February).

He is, however, incorrect in suggesting that N. M. Rothschild & Sons had any responsibilities to maintain the `ring-fenc- ing' of Mirror Group Newspapers under the arrangements set out in the prospectus at the time of its offer for sale in 1991. It was in fact Samuel Montagu which spon- sored the offer: we had no involvement whatsoever.

John Antcliffe

N. M. Rothschild & Sons Limited, New Court, St Swithin's Lane, London EC4