§ Mr. Doig
asked the Secretary of State for Industry if compensation has been settled for any of the securities which will vest in British Shipbuilders under the Aircraft and Shipbuilding Industries Act 1977.627W
§ Mr. Kaufman
Compensation has been settled for the following securities:
Robb Caledon Shipbuilders Limited Price per Share Ordinary shares 99.333p 10 per cent. Cumulative Redeemable Preference Shares £100 Total Compensation Ordinary shares £1,364,432 10 per cent. Cumulative Redeemable Preference Shares £375,000
John G. Kincaid & Company Limited Price per Share 4.2 per cent. Cumulative Preference Shares 33.5p Total Compensation 42 per cent. Cumulative Preference Shares £117,594
An order has been made under Section 36(1) of the Act specifying 1st July 1977 as the conversion date on or alter which the compensation stock may be issued in respect of these securities.