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Chrysler United Kingdom Ltd

Volume 939: debated on Thursday 17 November 1977

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asked the Secretary of State for Industry when was his last meeting with the directors of Chrysler United Kingdom Limited concerning the 5th January 1976 agreement between Chrysler United Kingdom Limited and the Government.

My right hon. Friend's last meetings were on 14th October and 2nd November.

asked the Secretary of State for Industry if he will make a statement as to whether the payments made by him under clause 2, sub-clause 6 of the 5th January 1976 agreement between Chrysler United Kingdom Ltd., and his Department, exceeded the amount which could have been paid under sub-clause (3) of clause 2, or paid by service of a notice under sub-clause (5) of clause 2 and whether Chrysler United Kingdom Ltd. has repaid an amount equal to such excess, specifying the amount of the repayment, and whether it was accompanied by a report signed by the accountants as to the amount of the adjusted losses or adjusted profits by reference to which the repayment is to be made.

The payments made to Chrysler under the agreement clause 2, sub-clause (6) did not exceed the amount that could have been paid under sub-clause (1) (A) of clause 2 by service of a notice under sub-clause (3) of clause 2. Clause 2 sub-clause (5) did not apply.

asked the Secretary of State for Industry whether, in accordance with the agreement with Chrysler United Kingdom Ltd., of 5th January 1976, clause 9, sub-clause 7, he has at any time during the contract period permitted Chrysler United Kingdom Ltd. to make any substantial alteration to the general nature of the assisted business as carried on during 1975 and what specific alterations have taken place.