HC Deb 21 February 1978 vol 944 cc568-9W
Mr. Trotter

asked the Secretary of State for Industry what was the book value at the date of nationalisation of the net assets of each of the 19 companies to whom a total of £21.96 million has been paid on account of compensation; and, in each case, how this compares with the sum paid on account of compensation and what percentage the payment on account bears to the net asset value.

Company Net assets at vesting day* (£ million) Payment on account (£ million) Payment on account as percentage of net assets
British Aircraft Corporation (Holdings) Ltd. … 80.6 6.1 8
Hawker Siddeley Aviation Ltd.) … … 113.4 3.1 3
Hawker Siddeley Dynamics Ltd. … …
Scottish Aviation Ltd. … … … … 1.0 0.5 50
Austin & Pickersgill Ltd. … … … 19.4 5.2 27
Brooke Marine Ltd. … … … … 5.3 0.35 7
Cammell Laird Shipbuilders Ltd. … … 14.9 0.15 1
Hall Russell & Co. Ltd. … … … … 9.5 0.3 3
Barclay Curle & Co. Ltd. … … … 28.8 2.35 8
Cleland Shipbuilding Co. Ltd. … … …
The Goole Shipbuilding & Repairing Co. Ltd. …
Smiths Dock Co. Ltd. … … … …
Swan Hunter Shipbuilders Ltd. … …
Swan Hunter Training & Safety Co. Ltd. …
Yarrow (Shipbuilders) Ltd. … … … 19.5 1.4 7
Yarrow (Training) Ltd. … … …
George Clark & NEM Ltd. … … … 4.3 0.65 15
Hawthorn Leslie (Engineers) Ltd. … … —0.1 0.4 n.a.
John G. Kincaid & Co. Ltd. … … … 7.2 1.45 20
* Net assets are taken as shareholders' funds plus long term loans.