§ Mr. Austin MitchellTo ask the President of the Board of Trade if he will list(a) the cost of each of the investigations being currently carried out under the Companies Acts and (b) the amounts which have been paid to each of the inspectors and the basis on which they have been paid. [14912]
Mr. John M. TaylorThe table covers all current Companies Act inspections where the inspection has been announced. The basis on which payments are made to inspectors was set out by my hon. Friend the Member for Tatton (Mr. Hamilton), the then Minister of Corporate Affairs, in his answer to the hon. Member on 20 July 1993,Official Report, columns 131–34.
37W
Company Inspectors Accountant inspectors costs (including support staff and VAT) £000 Legal inspectors costs (including support staff and VAT) £000 Total cost of inspection to date (including disbursements) £000 Chancery plc Mr. R. Chandler ACA Mr. A. Fausset (departmental officer1) 605 — 605 Queens Moat Houses plc Mr. P. Phillips QC Mr. A. Burn FCA 2,455 763 3,218 1 Excludes departmental staff costs.
§ Mr. MitchellTo ask the President of the Board of Trade what is(a) the cost of each of the investigations being currently carried out under the Financial Services Act 1986, (b) the amounts which have been paid to each of the inspectors and (c) the basis on which they have been paid. [14914]
Mr. TaylorInspections carried out under the Financial Services Act are not announced and are confidential. The table lists the costs—excluding departmental staff costs—of all current Financial Services Act inspections as at the end of January 1997. The basis on which payments are made to inspectors was set out by my hon. Friend the Member for Tatton, the then Minister of Corporate Affairs, in his answer to the hon. Member on 20 July 1993,Official Report, columns 131–34.
£000 Accountant inspectors costs (including support staff and VAT) Legal inspectors costs (including support staff and VAT) Total cost of inspections to date (including disbursements) 1,550 330 1,912