HC Deb 18 December 1975 vol 902 cc776-7W
Mr. Ovenden

asked the Secretary of State for Industry if he will make a further statement about the Government's support for the computer leasing activities of International Computers Limited.

Mr. Kaufman

Since 1971 assurances have been given to Computer Leasings Ltd., and certain other companies providing finance for ICL's leasing in the United Kingdom, that the Government would if necessary be prepared to assist ICL in fulfilling its obligations to those companies in respect of the repurchase of equipment returned from leasing. Recently, at ICL's request, this support for their leasing activities has been renewed until 30th September 1978. The names of the companies concerned, which by agreement with ICL may be changed from time to time, will continue to be given in Estimates, together with token provision for the Government's contingent liability.

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