Examination of Witnesses (Questions 440
- 442)
WEDNESDAY 12 JULY 2000
LORD FALCONER
OF THOROTON,
MR BRIAN
LEONARD AND
MS CLARE
PILLMAN OBE
440. Is it difficult to know what the right
proportions are, based on how much money you need to keep the
Dome afloat? Surely, you ought to be in a position now to tell
the Committee that it will be half and half, or it will be 60/40,
or whatever it will be. Why can we not know what it will be?
(Lord Falconer of Thoroton) It depends on which bid
is accepted. It depends upon the nature of the deal that is done
and it depends upon what process you use, in the light of the
bid that has been accepted, to determine what the sensible division
is. It will be quite difficult, I think, but it will be based
upon seeking to reach a reasonable determination of how you divide
that money between the two interests—namely, English Partnerships,
on the one hand, and the Dome on the other. How best to divide
it objectively between the two of them.
441. What it is worth, based on the debts of
the Dome.
(Lord Falconer of Thoroton) Not based on the debts
of the Dome, based upon an objective assessment of the division
between the two.
Chairman
442. We have run well over but I did not want
any member of the Committee to feel unable to put any questions
they wanted to put to you, Lord Falconer. We are very grateful
to you for giving us your time today, and no doubt you will come
to see us when we do our next inquiry.
(Lord Falconer of Thoroton) I very much hope so. Thank
you very much indeed for having me.
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