Skip to main content

Aircraft And Shipbuilding Industries Act (Compensation)

Volume 975: debated on Monday 10 December 1979

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Secretary of State for Industry if he will list, with sums of money paid and dates, all compensation payments and payments on account so far made under the Aircraft and Shipbuilding Industries Act; if he will state, with details, how many submissions to arbitration were made up to 3 May; how many have been made since 4 May; if he will explain why no compensation payments have been made since 4 May; and if he will make a statement.

For particulars of payments, I refer the right hon. Member to my answer to my hon. Friend the Member for Bristol, North-West (Mr. Colvin) on 5 July.—[Vol. 969, c. 690–92.… Since then, the settlement of compensation for the unlisted securities of John G. Kincaid & Company Limited was announced on 22 November in the amount of £3·8 million, including £2·25 million previously paid on account.As to arbitration, references concerning two companies were made up to 3 May 1979 and one has been made subsequently. The companies concerned are Scottish Aviation Ltd., Scott Lithgow Group Ltd. and Vickers Shipbuilding Group Ltd. In the case of Scott Lithgow Ltd. the proceedings relate to a preliminary issue under section 21 of the Act.Since 3 May compensation payments have been made in respect of the final settlements of compensation for Hawthorn Leslie (Engineers) Ltd. and John G. Kincaid & Company Limited and a payment on account in respect of Scottish Aviation Ltd.Further final payments of compensation will be made as and when cases are settled by negotiation or arbitration. Further payments on account, like one in respect of Scottish Aviation Ltd. made in June, will be made in respect of cases referred to arbitration, in accordance with the previous Government's announcement on 3 April 1979.