§ Mr. Tebbit
asked the Secretary of State for Industry why the full-time chairman of British Aerospace Corporation is paid less than his deputy and than two other members of his board of directors.
§ Mr. Les Huckfield
British Aerospace is treated for salary purposes as a second-tier nationalised industry; and the Chairman receives the salary prescribed for such an industry. Where appointments to the Board, on constitution, were made from within the industry it was agreed that such members should be paid their pre-vesting company salaries.