HC Deb 23 October 1981 vol 10 cc197-8W

Mr. Cryer asked the Secretary of State for Northern Ireland who is the major partner in the De Lorean research limited partnership.

Mr. Adam Butler:

I understand that under the Michigan Limited Partnership Act a partnership of this type has one general partner and a number of limited partners. The De Lorean Motor Company is the general partner in the De Lorean Research Limited Partnership and there are approximately 125 limited partnership interests. The profits drawing from the royalties paid to the partnership are allocated on the basis of 99 per cent. to the limited partners and 1 per cent. to the general partner.