§ Mr. CousinsTo ask the Secretary of State for Defence what legal powers he used to set up the International Military Services Ltd. export finance house; when the finance house was set up; and what external legal advice from which source he received before it was being set up.
§ Mr. FreemanInternational Military Services Ltd. set up its export finance house, with MOD agreement, in 1985. This business initiative was judged to fall within the financial guidelines laid down for the company by the Ministry. No external legal advice on the scheme was considered necessary.
§ Mr. CousinsTo ask the Secretary of State for Defence what were the total liabilities and assets of International Military Services Ltd. at the time it ceased trading activity; and what they are now.
§ Mr. FreemanI refer the hon. Member to the company's annual reports and accounts filed at Companies House.