HC Deb 25 May 1979 vol 967 cc298-9W
Mr. Dewar

asked the Secretary of State for Industry if he will list the compensation paid for each firm incorporated in British Shipbuilders; and if he will publish the names of those firms for which compensation figures have not been agreed and estimate when these outstanding negotiations will be completed.

Mr. Michael Marshall

Compensation has been settled as follows for companies which vested in British Shipbuilders:

Amount (including any payment on account) £000
Listed securities
Robb Caledon Shipbuilders Limited 1,739
John G. Kincaid & Company Limited (preferences shares) 118
Unlisted securities
Barclay, Curle & Company Limited 15,000
Clelands Shipbuilding Company Ltd.
The Goole Shipbuilding and Repairing Co. Ltd.
Swan Hunter Shipbuilders Limited
Smith's Dock Company Ltd.
Swan Hunter Training and Safety Company Limited
Austin & Pickersgill Ltd. 14,000
George Clark & NEM Limited 1,940

In addition, payments on account have been made as follows covering all the companies vested in British Shipbuilders for which compensation remains to be determined:

Brooke Marine Limited 650
Cammell Laird Shipbuilders Limited 400
Hall Russell & Company Ltd. 650
Hawthorn Leslie (Engineers) Ltd. 550
John G. Kincaid & Company Limited 2,250
Scott Lithgow Limited 750
Scott Lithgow Drydocks Limited
Vickers Shipbuilding Group Limited 8,450
Vosper Thornycroft (UK) Limited 1,350
Vosper Shiprepairers Limited
Yarrow (Shipbuilders) Limited 2,250
Yarrow (Training) Limited

I cannot say when the remaining cases will be resolved. Two have been referred to arbitration. Negotiations are proceeding on the other outstanding cases and it is not possible to say whether these cases will be settled by negotiation or arbitration.

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