§ Mr. Colvinasked the Secretary of State for Industry if he will list those companies nationalised under the Aircraft and Shipbuilding Industries Act 1977, showing how much has been paid to 691W each of them by way of compensation, and the dates these payments have been made; and if he will indicate which companies have not been paid in full in accordance with the terms of the Act and
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, Curle & Company Limited 5.7.78 15,000 Clelands Shipbuilding Company Limited The Goole Shipbuilding and Repairing Company Limited Swan Hunter Shipbuilders Limited Smith's Dock Company Limited Swan Hunter Training and Safety Company Limited Hawker Siddeley Aviation Limited 15.8.78 60,000 Hawker Siddeley Dynamics Limited Austin & Pickersgill Limited 16.8.78 14,000 George Clark & NEM Limited 1.11.78 1,940 Hawthorn Leslie (Engineers) Limited 5.6.79 1,475 Payments on account have been made in respect of the companies for which compensation remains to be settled. These payments were made pursuant to announcements made by the previous Government on 25 January, 21 April, 18 July and 23 November 1978 and on 3 April 1979. The total payments made are as follows:
£000 British Aircraft Corporation (Holdings) Limited 40,000 Scottish Aviation Limited 2,100 Brooke Marine Limited 650 Cammell Laird Shipbuilders Limited 400 Hall Russell & Company Limited 650 John G. Kincaid & Company Limited (ordinary shares) 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. Two have been referred to arbitration. Negotiations are proceeding on the others and it is not possible to say whether these cases will be settled by negotiation or arbitration.
Payments 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.
692Wwhen he expects these final settlements to be made.
§ Mr. Michael MarshallThe settlements announced to date are as follows: