§ Mr. MorganTo ask the Secretary of State for Energy what consultations he had with the Securities and Association concerning his delayed settlement of commission owing to Diameter Stockbrokers for services rendered in the course of the flotation of the electricity supply industry; and if he will make a statement.
§ Mr. Heathcoat-AmoryMy Department's independent auditors, Touche Ross, had written to Diameter seeking information to support Diameter's claim for selling commission in respect of the regional electricity companies' flotation. An official of the Securities and Futures Association then subsequently contacted my Department drawing attention to Diameter's financial position: following further urgent discussions with Diameter, a payment was made available to them the same day.