§ Mr. Gryllsasked the Secretary of State for Industry if he will list the names of the firms, the amounts and the dates he made payments of compensation under the Aircraft and Shipbuilding Industries Act; and when he expects final registrations completed and payments made.
§ Mr. Les HuckfieldPayments of compensation are made on behalf of the Government by the Bank of England within about two weeks of the announcement of a compensation settlement or of payments on account.
The settlements announced to date are as follows:
Date Amount (including any payment on account) £000 LISTED SECURITIES Robb Caledon Shipbuilders Limited 24.6.77 1,739 John G. Kincaid & Company Limited (preference shares) 24.6.77 118 UNLISTED SECURITIES Barclay, Curie & Company Limited 5.7.78 15,000 Clelands Shipbuilding Company Ltd. The Goole Shipbuilding and Repairing Co. Ltd. Swan Hunter Shipbuilders Limited Swan Hunter Shipbuilders Limited Smith's Dock Company Ltd. Swan Hunter Training and Safety Company Limited Hawker Siddeley Aviation Limited 15.8.78 60,000 Hawker Siddeley Dynamics Limited Austin & Pickersgill Ltd. 16.8.78 14,000 George Clark and NEM Limited 1.11.78 1,940 My right hon. Friend announced payments on account on 25 January, 21 April, 18 July and 23 November 1978 in reply to questions by my hon. Friends the Members for Wallsend (Mr. Garrett) and Kingswood (Mr. Walker). The total amounts paid in respect of the companies for which compensation remains to be determined are as follows: 8W
£000 British Aircraft Corporation (Holdings) Limited 40,000 Scottish Aviation Limited 1,050 Brooke Marine Limited 650 Cammell Laird Shipbuilders Limited 400 Hall Russell & Company Ltd. 650 Hawthorn Leslie (Engineers) Ltd. 550 John G. Kincaid & Company Limited 2,250 Scott Lithgow Limited 750 Scott Lithgow Drydocks Limited Vickers Shipbuilding Group Limited 8,450 Vosper Thornycroft (UK) Limited 1,350 Vosper Shiprepairers Limited Yarrow (Shipbuilders) Limited 2,250 Yarrow (Training) Limited I cannot say when the remaining cases will be resolved. One has been referred to arbitration by the stockholders' representative. Negotiations are proceeding in the other outstanding cases and it is not possible to say whether these cases will be settled by negotiation or arbitration.