§ Mr. Hoyleasked the Secretary of State for Industry if, prior to paying any further Government money to Chrysler UK and in view of the profit of £250 million made by the parent company, Chrysler Corporation, he will seek to renegotiate the loan agreement with Chrysler UK made by Her Majesty's Government to take account of the parent company's profits.
§ Mr. CryerNo. Finance for the restructuring of Chrysler UK Ltd. is being 85W provided jointly by the Government and by Chrysler Corporation and the declaration of intent provided for Chrysler UK to play an important and expanding rôle within the total Chrysler group. The agreement consequently assumed the continued existence of a profitable Chrysler Corporation in order to meet these obligations.