HL Deb 25 October 1972 vol 335 cc2243-4WA
LORD TREFGARNE

asked Her Majesty's Government:

Whether the Secretary of State for Trade and Industry has yet advised the Civil Aviation Authority of the amount of their initial debt (pursuant to Section 7(3) of the Civil Aviation Act 1971); and, if so, what is that amount.

THE EARL OF LIMERICK

My right honourable friend has not yet determined the amount of the initial debt to be assumed by the Authority. He is currently considering, in consultation with the Treasury, the method to be used in valuing the assets transferred.