HC Deb 28 February 1978 vol 945 c152W
Mr. Trotter

asked the Secretary of State for Industry whether he will analyse the net assets figures for companies nationalised under the Aircraft and Shipbuilding Industries Act, given in his answer of 21st February 1978 to the hon. Member for Tynemouth so as to show in each case the shareholders' fund separately from the long-term loans and, where possible, analysing the loans between those for which compensation under the Act will be payable and those loans not so effected and expressing the payments made on account as a percentage of (a) shareholders' funds and, where possible, (b) shareholders' fund plus long-term loans for which compensation will be payable.

Mr. Kaufman

As my answer of 21st February—[Vol. 944, c. 568–570]—made clear, the compensation for these companies under the provisions of the Aircraft and Shipbuilding Industries Act is not related to their net assets at their respective vesting dates. In these circumstances, if the hon. Member wishes to pursue the composition of such assets in detail, I would refer him to British Aerospace and British Shipbuilders.

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