HC Deb 20 July 1976 vol 915 c470W
Mr. Lee

asked the Secretary of State for Industry what assurances he secured that on emoluments payable to directors of the Lonrho Group in respect of any extra responsibilities consequent upon its acquisition of Brentford Nylons will be paid in any country in which United Kingdom tax law does operate before sanctioning the payment of the interest-free loan of £5 million to the group.

Mr. Alan Williams

The question of directors' remuneration is a matter for the shareholders subject to the provisions of the White Paper "Attack on Inflation: The Second Year" (Cmnd 6507).

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