HC Deb 15 December 1992 vol 216 cc110-1W
Mr. Morgan

To ask the Secretary of State for Wales if he will make a statement on the auditing arrangements he has put in place for Garden Festival Wales Ltd.

Mr. David Hunt

This is not a matter for the Secretary of State for Wales. The two local authority sponsors, Blaenau Gwent borough council and Gwent county council have established a limited company, Garden Festival Wales Ltd. Audit arrangements are covered under the Companies Acts.

Mr. Morgan

To ask the Secretary of State for Wales what contingency arrangements he has put in place to mitigate the impact on either(a) local authority and (b) urban programme projects in the event of Garden Festival Wales Ltd. making a loss.

Mr. David Hunt

I have made no contingency arrangements. The two local authority sponsors Blaenau Gwent borough council and Gwent county council agreed in the 1990 revised business plan to accommodate any losses.

Mr. Morgan

To ask the Secretary of State for Wales when he proposes to publish(a) the management accounts and (b) final accounts of Garden Festival Wales Ltd.

Mr. David Hunt

Garden Festival Wales Ltd. expect its final accounts, which will include management accounts, to be available at the end of this financial year.

Mr. Morgan

To ask the Secretary of State for Wales what assessment he has made of the impact of Garden Festival Wales Ltd. expenditure and revenue outturn on the approvals he will make regarding local government expenditure in Wales(a) in the current financial year and (b) 1993–94.

Mr. David Hunt

The final position of Garden Festival Wales Ltd. has not yet been reported to me.