§ Mr. Ian Lloydasked the Secretary of State for Industry if he has made a decision on the request for a waiver or a deferment of the interest due on the Government loan to Triumph Motorcycles (Meriden) Limited.
§ Sir Keith JosephThe Government have been asked by Triumph Motorcycles (Meriden) Ltd. to waive, or alternatively to defer until 31 December of this year, the payment of interest totalling £1.256 million which fell due for payment on 30 June.
Having considered carefully all the material put forward by Meriden in support of this request, the Government have 480W decided that it should not be granted and have so informed the company.