HC Deb 18 May 1977 vol 932 cc171-2W
Mr. Warren

asked the Secretary of State for Industry if Her Majesty's Government intend to pay in full for the net assets of British Aerospace estimated by the Corporation's Financial Director as in excess of £300 million after deducting current trading liabilities and depreciation from the gross figure of approximately £600 million.

Mr. Les Huckfield

Compensation for companies vesting in British Aerospace will be determined on the basis provided in the Aircraft and Shipbuilding Industries Act 1977.