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Motor Vehicle Imports

Volume 981: debated on Tuesday 18 March 1980

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asked the Secretary of State for Industry what was the volume and the value of new motor vehicles imported into the United Kingdom from (a) other European Economic Community countries and (b) other non-European Economic Community countries in each year from 1950 to the latest year for which figures are available; and what, by volume and by value, these represent as a percentage of the total number of new motor vehicles sold in the United Kingdom in each of these years.

Following is the information:Treasury has decided to pay on the compensation sums outstanding in respect of the compensation payable to companies under section 5 of schedule 4 to the Aircraft and Shipbuilding Industries Act 1977; and whether this will be calculated on a simple or compound basis.

[pursuant to his reply, 17 March 1980]: No compensation became payable under schedule 4 to the Aircraft and Shipbuilding Industries Act 1977. Compensation for vested securities is satisfied by the issue of Government stock under section 35 of, and schedule 5 to, the Act. Compensation paid during 1977, 1978 and 1979 was satisfied by the issue of 9¾ per cent. Treasury 1981. For technical reasons concerning the maturity of Government stock, a payment made last week was satisfied by the issue of 10 per cent. Exchequer 1983.