Mr. W. E. Garrettasked the Secretary of State for Industry whether he is in a position to make a further statement on payments on account of compensation under the Aircraft and Shipbuilding Industries Act.
§ Mr. KaufmanMy right hon. Friend has reviewed the possibility of further payments on account of compensation in the context of further information available to the Government since the first payments on account were authorised in January and April and of the stage now reached in negotiations with the various stockholders' representatives. In the light of this review my right hon. Friend has authorised a second payment on account in respect of the unquoted securities of the following companies:
£000 British Aircraft Corporation (Holdings) Limited 3,550 Scottish Aviation Limited 150 Austin & Pickersgill Limited 300 Brooke Marine Limited 50 Cammell Laird Shipbuilders Limited 100 Hall Russell & Company Ltd 100 Vickers Shipbuilding Group Limited 1,250 George Clark & NEM Limited 400