HC Deb 18 January 1977 vol 924 cc182-3W
Mr. Grylls

asked the Secretary of State for Industry how much public money has been committed altogether to the Cambridge Instrument Company Limited, either by way of equity or of loan facilities, up to 14th January 1977.

Mr. Les Huckfield

I understand that the total is £7.5 million.

Mr. Grylls

asked the Secretary of State for Industry whether he is satisfied that the salary of £26,730 per annum paid to Mr. Michael Cole and the salary of £26,130 per annum paid to Mr. David Cole, Directors of the Cambridge Instrument Company Limited, are consistent with paragraph 15 of the Schedule of National Enterprise Board Guidelines, whereby the terms and conditions of employment negotiated by NEB subsidiaries are to be consistent with the financial situation of the enterprise; and, if not, what steps he is taking to ensure that the NEB complies with paragraph 15.

Mr. Les Huckfield

The Cambridge Instrument Co. Ltd. is not a subsidiary of the National Enterprise Board.