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Trust Houses Forte Ltd

Volume 928: debated on Monday 21 March 1977

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asked the Secretary of State for Employment whether the payment of an extra £240 per week for a Trust Houses Forte director is in line with the current pay policy.

I understand that part of the increase was implemented before the introduction of the pay policy and consequently was not fully reflected in company accounts until the year ended 31st October 1976; and that the remainder results from the effects of fluctuating exchange rates on overseas salary paid in foreign currency.