§ Mr. WorthingtonTo ask the Secretary of State for Transport what are the financial implications of the bid by Regis and Regis for the Clyde port authority.
§ Mr. Norris[holding answer 14 December 1994]: There are no financial implications for the Government arising from these bids.
§ Mr. WorthingtonTo ask the Secretary of State for Transport how much money was paid to Clydeport Holdings by the Clyde port authority after the payment of the levy to his Department following the sale of the port authority.
§ Mr. Norris[holding answer 14 December 1994]: The sale proceeds were £26.0 million; the levy £11.6 million. The Clyde port authority retained the remainder, £14.4 million. After the relevant expenses and liabilities had been met, all sums held by the authority were by virtue of section 7(2) of the Ports Act 1991 transferred to the successor company, Clydeport Holdings, upon the dissolution of the authority.
§ Mr. WorthingtonTo ask the Secretary of State for Transport if Clydeport Holdings will have to pay a clawback on the proceeds of the Braehead site; and how much it will be.
§ Mr. Norris[holding answer 14 December 1994]: Yes. The amount has yet to be settled.
§ Mr. WorthingtonTo ask the Secretary of State for Transport on what grounds he paid the costs of the Clyde 775W port authority's expenses for promoting a privatisation Bill; and what were those costs.
§ Mr. Norris[holding answer 14 December 1994]: Some £528,593 was allowed after careful consideration of the authority's claim under section 13 of the Ports Act 1991.