§ Mr. Michael Brownasked the Secretary of State for Industry what arrangements he is making to cover the cash limit and public expenditure implications of the payment due on 1 July to Lazard Frères in connection with the appointment of Mr. Ian MacGregor as chairman of the British Steel Corporation.
§ Mr. Adam ButlerSubject to parliamentary approval of the Supplementary Estimate, the cash limit for Class IV Vote 24 will be increased by £675,000 to £41,693,000. Payment on 1 July 1980 will be met by an advance from the Contingencies Fund. There will be no additional public expenditure, because an increase in the Department's central and miscellaneous services sub-programme to cover the compensation payment will be offset by a corresponding reduction in the sub-programme for future industrial support.