§ Mr. EnrightTo ask the Secretary of State for National Heritage, pursuant to his answer of 1 February,Official Report, column 621, on remission of debts on grants, (1) what alternatives were considered before writing off the loss of Unicorn Heritage plc on what grounds none of them were considered feasible; and what actions were taken to effect recovery of the sum loaned;
(2) what appraisal was made of Unicorn Heritage plc before writing off its losses and the money loaned to it.
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§ Mr. SproatThe alternative to writing off the debt owed by Unicorn Heritage plc would have been to ask the English tourist board to continue to seek recovery of the debt. This alternative was not considered feasible because it was clear there was no further practical action that the board would take, since the company's liquidators had stated categorically that there were no funds available to repay unsecured creditors.