HC Deb 15 December 1992 vol 216 c109W
Mr. Hood

To ask the Secretary of State for Wales when he last met representatives of Cardiff Bay development corporation; and what was discussed.

Mr. David Hunt

I meet the chairman of Cardiff Bay development corporation regularly to discuss a variety of issues.

Mr. Hood

To ask the Secretary of State for Wales if he will give details of the process of consultations between Cardiff Bay development corporation and the Welsh Office.

Mr. David Hunt

Under the terms of its financial memorandum, Cardiff Bay development corporation is required to prepare and submit to the Welsh Office a corporate plan looking three years ahead of the current financial year. There are formal consultations on this plan. In addition, there is informal discussion between officials on a day-to-day basis.

Mr. Hood

To ask the Secretary of State for Wales what is the relationship between Cardiff Bay development corporation and(a) Cardiff Bay Management Ltd. and (b) Cardiff Bay Investment Ltd.; and if he will make a statement.

Mr. David Hunt

Cardiff Bay (Management) Ltd. and Cardiff Bay (Investment) Ltd. were both incorporated in May 1989 and are wholly owned subsidiary companies of the corporation. In the published accounts of the corporation as at 31 March 1992 they were described as dormant and this status is unchanged. In each case the authorised share capital is £1,000 and the issued share capital is £2 being two shares of £1 each.

Mr. Hood

To ask the Secretary of State for Wales if he will give details of the Government funds given to Cardiff Bay development corporation each year since its inception; and if he will make a statement.

Mr. David Hunt

The information is given in figure 6.01 in "The Government's Expenditure Plans 1992–93 to 1994–95: A Report by the Welsh Office", Cm 1916, a copy of which is in the Library of the House.