§ Mr. Grylls
asked the Secretary of State for Industry what was the net salary, assuming the post to be held by a married man with no dependent children, in real terms, of (a) the chairman, (b) the deputy chairman and (c) other board members of the British Steel Corporation in 1972 and 1978, taking 1972 as the base year; and how many places on the board are currently unfilled.
§ Mr. Les Huckfield
Assuming each post to be held by a married man with no dependent children, the net salaries of the chairman, deputy chairman and members of the board of the British Steel10W Corporation in 1972 were £12,735.08, £10,615.06 and £9,420.50 respectively, the last figure being calculated from the average of the salaries of full-time members. The comparable figures for 1978 in real terms, using 1972 as the base year, are £5414, £5066 and £4863 respectively. The Iron and Steel Act 1975 lays down that the Corporation shall consist of a chairman, and not less than seven or more than 20 other members. At the moment there are nine members other than the chairman.