The text on this page has been created from Hansard archive content, it may contain typographical errors.
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.
[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.
|Funding prior to September 1982||25·32|
|Under the September 1982 agreement||17·37|
|Ulster Investment Bank guarantee||11·82|