§ Mr. DonohoeTo ask the Secretary of State for Scotland how much the Scottish Office raised from disposing of assets of the Irvine development corporation; and what was the turnover of Irvine development corporation in each of the last five financial years. [11918]
§ Mr. KynochDuring wind-up Irvine development corporation repaid £52.7 million to my right hon. Friend from the receipts generated from disposal of its assets. This sum has been used to extinguish the corporation's indebtedness to the national loans fund. While the annual accounts of the corporation do not use the term "turnover", they disclose all the income generated from operating and investing activities and the financing received by the corporation. Copies of the corporation's annual reports, which incorporate the accounts, are held in the Library of the House.