§ Mr. Marsdenasked the Secretary of State for Trade and Industry what are the annual payments being made by the
254W1969, in each of the following years and during the first half of 1973.
§ Mr. Anthony GrantThe following table gives the available information; meaningful comparisons cannot be made because IDCs were not required in the development and special development areas from July 1972:—
British Steel Corporation as compensation to former owners; for how long these payments will continue; and what will be the total amount paid in compensation by the time this obligation is extinguished.
§ Mr. EmeryNone. The former owners of the nationalised steel companies were compensated by the issue of Government stock, as provided for by Section 10 of the Iron and Steel Act 1967, and under Section 18 (1) (a) the corporation assumed a corresponding debt of £568 million to the Government.