§ Mr. Austin Mitchell
asked the Secretary of State for Industry if he will publish the terms, conditions, arrangements and emoluments of Mr. Ian MacGregor as chairman of the British Steel Corporation.
§ Mr. Butcher
The terms of Mr. MacGregor's appointment were described by the Secretary of State for Industry in a statement to the House on 1 May 1980—[Vol. 983, c. 1630–32]—and were fully debated on 15 May 1980.—[Vol. 984, c. 1825.] In addition, a document prepared by the Department of Industry, setting out fully the terms on which payments were to be made to Lazard Freres and Co. of New York in connection with Mr. MacGregor's appointment, was placed in the Library of the House on 15 April 1981. Mr. MacGregor's salary on appointment was £48,500 and has remained at that level since he has chosen not to accept subsequent increases to which he was entitled.