§ Mr. Bellingham
To ask the Secretary of State for Health what financial arrangements are being made for the five NHS trusts dissolved on 31 March 1993.
§ Mrs. Virginia Bottomley
Pursuant to the dissolution of five national health service trusts on 31 March 1993, and their reconfiguration with parts, or all, of other trusts or directly managed units, I propose to create new originating capital debt for the six new trusts equal to the assets transferred to them and therefore to remit the outstanding debt of the five dissolved trusts.
These operations involve no loss to the Exchequer. Her Majesty's Treasury has today presented a minute to the House giving the particulars and circumstances of the proposed remission which it has approved in principle.