§ 48. Sir J. Gilmourasked the Secretary of State for Scotland whether any proportion of the retentions can be applied by the Glenrothes Development Corporation to the payment of outstanding accounts to sub-contractors to the Cadco Building Company.
§ Mr. RossAny surplus funds in the hands of the Development Corporation will have to be paid to the Official Receiver for the benefit of the Cadco Building Co's creditors.
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§ Mr. William Hamiltonasked the Secretary of State for Scotland how much public money was involved directly or indirectly in the Cadco project at Glenrothes, Fife; and what the prospects are for recoupment.
§ Mr. RossTotal payments made by the Glenrothes Development Corporation to the Cadco Building Company for work done amount to £767,302. The Development Corporation is in discussion with a number of firms interested in taking over all or parts of the premises. Recoupment of expenditure will depend on the form of disposal eventually agreed.