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Prestwick Airport Purchase (Agreed Settlement)

Volume 524: debated on Wednesday 3 March 1954

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asked the Minister of Transport and Civil Aviation the sum originally estimated as fair compensation for the compulsory purchase of Prestwick Airport; and the sum paid for disturbances of the company's business, loss of profits, etc., in the agreed settlement with the company.

The sum proposed to the arbiter in respect of the land and buildings purchased from Scottish Aviation Limited was £180,650. No sum was paid in respect of the company's claim for business disturbance, loss of profits, etc., and this claim was never evaluated.In fact these, together with other claims from both parties, were covered in the agreed settlement which resulted in the payment by Scottish Aviation Limited to my Department of £5,795.