§ Mr. Spearingasked the Secretary of State for the Environment if he has any plans to submit for further review the price agreed by the London Docklands Development Corporation and the developers of Canary wharf; and if he will make a statement.
§ Mr. Trippier[pursuant to his reply, 8 July 1987]: When the LDDC sells land it is required to obtain a certificate from an independent valuer that the land is not below current market value and, if that is unobtainable, it needs specific consent from the Department to the disposal of its land at a lower price. The Department is keeping the terms of the whole agreement, including the land price, under continuing review as negotiations proceed with the aid of independent financial and legal advice.