§ Mr. Gryllsasked the Secretary of State for Industry what is the current position over the £1 million of public money 429W invested in John Hastie of Greenock under Section 8 of the Industry Act 1972 now that the company is in the hands of the receiver.
§ Mr. KaufmanWe are awaiting the receiver's full report.
§ Mr. Gryllsasked the Secretary of State for Industry, further to his reply to the hon. Member for Surrey North-West on 14th January concerning John Hastie of Greenock and the indemnity his Department is providing to the receiver of that company, what ceiling his Department has placed on this indemity; and whether it has been agreed by the Treasury.
§ Mr. KaufmanThe indemnity, which applies to a small and diminishing part of the activities of the former Hastie company and to which it is estimated that little risk attaches, has no ceiling and has been approved by the Treasury.