Previous Section | Home Page |
Mr. French : To ask the President of the Board of Trade if he will refer computer games manufacturers to the Monopolies and Mergers Commission ; and if he will make a statement.
Mr. Neil Hamilton : Investigation of anti-competitive practices or monopolistic behaviour is the responsibility of the Director General of Fair Trading. The director general makes references to the Monopolies and Mergers Commission where he considers it appropriate.
Mr. Austin Mitchell : To ask the President of the Board of Trade what proposals he has to examine a sample of company accounts for compliance with the Companies Acts requirements for disclosures on directors' emoluments.
Mr. Austin Mitchell : To ask the President of the Board of Trade, pursuant to his answer of 6 November, Official Report, column 439 , what action he has taken against Ernst and Young for the audit failures identified by the inspectors.
Mr. Neil Hamilton : Copies of the reports have been forwarded to the Institute of Chartered Accountants in England and Wales.
Mr. Austin Mitchell : To ask the President of the Board of Trade whether he will seek to amend the Register of Auditors and Information about Audit Firms Regulation 1991 to require the recognised supervisory bodies to record criticisms by the DTI inspectors against the relevant firm's name.
Column 721
Column 722
Mr. Austin Mitchell : To ask the President of the Board of Trade, pursuant to his answer of 4 November, Official Report, column 310 , if he will indicate the amount paid to each of the Guinness inspectors.
Mr. Neil Hamilton : The amounts paid are as follows :
Column 721
|Total |Fees |Disbursements |£ |£ |£ ------------------------------------------------------------------------------------------------------- D. Donaldson, QC |328,000 |285,000 |43,000 I. G. Watt, FCA, CBE |1,435,000 |1,185,000 |250,000 Transcripts of trials (paid direct) |30,000 |- |- |----- |----- |----- Total cost of inspection to end October 1992 |1,793,000 |1,470,000 |293,000
All figures include VAT. The fees paid to Mr. Watt include charges for support services provided by KPMG Peat Marwick.
Mr. Austin Mitchell : To ask the President of the Board of Trade, pursuant to his answer to the hon. Member for Great Grimsby on 3 November, Official Report, column 139, if he will provide the names of the three companies whose accounts he has referred to the financial reporting review panel ; and what has been the outcome of such referral.
Mr. Neil Hamilton : No. In the interest of fairness the panel does not disclose the names of the companies it inquires into while the inquiries are in train and it normally announces its findings only when it has reached an adverse conclusion. I understand that in one of the three cases the panel concluded that no action was called for and the other two are under consideration. A copy of the procedures of the panel was placed in the Library of the House in June 1991.
Mr. Austin Mitchell : To ask the President of the Board of Trade what plans he has to appoint an inquiry into the setting of auditing standards in the United Kingdom.
Column 722
Mr. Neil Hamilton : I have no such plans.
Mr. Austin Mitchell : To ask the President of the Board of Trade what proposals he has for legislation under which company auditors would owe a duty of care to creditors.
Mr. Neil Hamilton : I have no such proposals.
Mr. Cousins : To ask the President of the Board of Trade what are the present methods of financing capital expenditure employed by the Post Office and its subsidiaries ; and what changes are proposed following the autumn statement.
Mr. Leigh : The Post Office and its subsidiaries finance capital expenditure from internally generated funds. No changes are proposed following the autumn statement.
Mr. Cousins : To ask the President of the Board of Trade what was the capital expenditure of the Post Office and each of its subsidiaries for each of the last five years ; and what are the projections for the current year.
Mr. Leigh : Capital expenditure of the Post Office group and its principal constituent businesses for each of the last five years, as stated in the annual accounts, was as follows :
Column 721
£ million |1987-88|1988-89|1989-90|1990-91|1991-92 --------------------------------------------------------------------- Group |131.3 |173.5 |257.5 |335 |269 Letters/Parcels |101.3 |131.4 |197.8 |257 |- Royal Mail |- |- |- |- |189 Parcelforce |- |- |- |- |30 Post Office Counters |13.3 |21.6 |21.3 |40 |44 Girobank |13.6 |12.6 |10.2 |- |- Notes: 1. Separate accounts for Royal Mail and Parcelforce first published in 1991-92. 2. Girobank sold in July 1990.
Projected capital expenditure of the Post Office Group for 1992-93 is £344 million in total the breakdown between the principal constituent businesses remains commercially confidential.
Mr. Vaz : To ask the President of the Board of Trade when he was first informed of the costs of the liquidation of BCCI.
Column 722
Mr. Neil Hamilton : My officials have been made aware at various times since the winding-up order on 14 January 1992 of some of the detailed aspects of the cost of the liquidation of BCCI. Detailed figures given to the House by my hon. Friend the Economic Secretary to the Treasury on 6 November 1992, Official Report, column 593, were supplied to my officials by the Touche Ross liquidators on 5 November 1992.
Column 723
Mr. Gordon Prentice : To ask the President of the Board of Trade what initiatives have been taken by the Government since 1990 to encourage the arms and defence industries in the north west region to diversify into other areas.
Mr. Sainsbury : Diversification is essentially a matter for the commercial judgment of the companies concerned. My Department helps them with its wide range of programmes, including those in the enterprise initiative and "Managing into the 90s". A special seminar was held in Blackburn on 12 May 1992. The north west is benefiting from four projects under the European Community's PERIFRA scheme.
Mr. Cummings : To ask the President of the Board of Trade if he will make a statement concerning his discussions with British Coal and the power generators on the provision of British Coal mined coal for the generating market prior to the announced closure of 31 coal mines.
Mr. Eggar : As my right hon. Friend the President of the Board of Trade made clear to the House on 19 October, Official Report, columns 205- 7, he was advised by British Coal before the closures were announced of the need to end production at the pits concerned in order to bring supply in line with demand.
Mr. Cummings : To ask the President of the Board of Trade if he will make a statement concerning the recent planning application by British Coal to demolish certain buildings at Easington colliery while this colliery is in the review procedure.
Mr. Eggar : I understand that British Coal made an application on 15 October to demolish certain buildings at Easington colliery ; and that following my right hon. Friend the President of the Board of Trade's announcement on 19 October of a moratorium in respect of 21 pits, which include Easington, British Coal has suspended further action in respect of this application.
Mr. Cummings : To ask the President of the Board of Trade whether the mining consultants Boyd's was requested to assess the viability of the 10 collieries currently in the review process and due to close in January 1993 ; and if he will make a statement.
Mr. Eggar : Last year John T. Boyd Company was asked to assess the viability of 28 collieries, chosen by British Coal on a representative basis. Of the collieries studied, five are among the 10 collieries which have subsequently become subject to statutory consultation. The five pits are Betws, Parkside, Trentham, Grimethorpe and Houghton Main.
Mr. Lewis : To ask the President of the Board of Trade what was the total amount of opencast coal produced in each year since 1979.
Mr. Eggar : The total amount of opencast coal produced since 1979 was as follows :
Column 724
|c|Opencast production|c| Year |Thousand tonnes ------------------------------------------------ 1979 |12,862 1980 |15,779 1981 |14,828 1982 |15,266 1983 |14,706 1984 |14,306 1985 |15,569 1986 |14,275 1987 |15,786 1988 |17,899 1989 |18,657 1990 |18,134 1991 |18,620 Source: Table A6 of the Digest of United Kingdom Energy Statistics 1992.
Mr. Barry Jones : To ask the President of the Board of Trade what is the amount of coal from opencast operations for each of the last five years.
Mr. Eggar : The amount of opencast coal produced during the last five years was as follows :
<