Tilbury (Hansard, 19 May 1992)

§ Mr. Mackinlay
To ask the Secretary of State for Transport what factors were included in the valuation of the port of Tilbury.

§ Mr. Norris
The valuation was based on a three-year projection of the operations of the port of Tilbury and an analysis of quoted companies and of recent corporate transactions involving ports.

§ Mr. Mackinlay
To ask the Secretary of State for Transport who conducted the valuation of the port of Tilbury prior to its sale.

§ Mr. Norris
The valuation was made for the board of the Port of London Authority by S. G. Warburg and Co. Ltd.

§ Mr. Mackinlay
To ask the Secretary of State for Transport what infrastructure and capital works including new buildings and roads were constructed, and at what cost during the five years prior to the sale of the port of Tilbury.

§ Mr. Norris
This is a commercial matter for the Port of London Authority, but there is relevant information in the annual reports which are laid before Parliament. Those for 1986–90 were placed in the Library of the House. The 1991 report will be published shortly.

§ Mr. Mackinlay
To ask the Secretary of State for Transport who is responsible for paying the legal fees of the management side in the various industrial tribunal and employment appeal tribunals' cases which commenced prior to the sale of the port of Tilbury and continue after the sale.

§ Mr. Norris
Costs arising from the abolition of the dock labour scheme, including those associated with the industrial tribunal, have been entered as extraordinary items, separate from the operational expenditure of the Tilbury and other divisions, in the accounts of the Port of London Authority. Any further liabilities in this connection, following the sale of the port of Tilbury, remain with the authority.