§ Mr. Gregory
asked the Secretary of State for Trade and Industry whether the review committee responsible for assessing the performance payments due to Lazard Frères of New York in respect of Mr. Ian MacGregor's chairmanship of the British Steel Corporation has reached a decision on the first performance payment.
§ Mr. Norman Lamont
The Government and Lazard Frères of New York have agreed to defer any decision on the first performance payment. The review committee has therefore been asked to defer its decision on the first payment until the same time as its decision on the second payment, which is due to be made next year, after BSC's results to end-March 1985 are known.