HC Deb 26 July 1989 vol 157 cc721-2W
Mr. David Evans

To ask the Secretary of State for Northern Ireland if he will make a statement on the status, after the company is sold to Bombardier, of the Government's assurances to creditors of Short Brothers plc that Her Majesty's Government would, in the last resort, ensure that their claims were fully met.

Mr. Tom King

After the date of completion of the sale of Short Brothers plc to Bombardier, no new obligations incurred by the company will he covered by any such assurances which have been given on a number of occasions, most recently on 21 July 1988. Obligations incurred between the signature of the contract and the completion date will cease to benefit from the assurances on completion.