HC Deb 15 March 1982 vol 20 c30W
Rev. Ian Paisley

asked the Secretary of State for Northern Ireland (1) if Her Majesty's Government will forgo their status as preferential creditor of De Lorean Cars Ltd. in order to help the small business creditors who might otherwise be put out of business;

(2) whether the directors of De Lorean Cars Ltd. appointed by Her Majesty's Government had access to the company's trading figures; and at what date they were aware of its insolvency;

(3) if he will now make a further statement on the future export position of De Lorean Cars Ltd., in view of the fact that the Bank of America has instituted court action to seize 1,979 De Lorean Cars from the American company;

(4) if Her Majesty's Government will review their policy towards the De Lorean venture by recognising that assessed on initial capital alone, it should be regarded as constituting virtually a nationalised industry; and if they will either wind up the company and settle all creditors or accept a continued liability on the same social, political and economic grounds as elsewhere in the United Kingdom.

Mr. Adam Butler

I shall reply to the hon. Gentleman as soon as possible.

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