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Mr. Arnold
asked the Secretary of State for Northern Ireland if he will make a statement about the implications of the decision of Lear Fan Ltd. to cease trading.
Dr. Boyson
[pursuant to his reply, 3 June 1985, c. 85–86]: I can confirm that at 28 May 1984, $4·79 million was still to be provided by the Government under the 1982 financial assistance agreement. As a result of the company's decision to cease trading, the Government were released from this commitment. I am now informed that the following payments were made by the Government.
£ million | |
Funding prior to September 1982 | 25·32 |
Under the September 1982 agreement | 17·37 |
Non-selective assistance | 1·25 |
Ulster Investment Bank guarantee | 11·82 |