Early day motion tabled by primary sponsor Geoffrey Clifton-Brown (Conservative), on Thursday, 10 December 1998, in the House of Commons. It is signed by 28 members in total.

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CONDUCT OF THE PAYMASTER GENERAL

That this House notes with concern the Guardian article of 5 December which stated that the Paymaster General 'was not rich' at the start of his business dealings with Robert Maxwell; notes that the Sunday Express of 29 November stated that Maxwell and the Paymaster General sold two companies (Lock and PSS) from Hollis Industries plc when the Paymaster General was Chairman, for ??2.93 million to a Maxwell company which sold them on the same day for ??4.05 million to another company controlled jointly by the Paymaster General and Robert Maxwell; notes that according to the Sunday Telegraph of 6 December Lock and PSS were worth ??40 million; notes that according to the Sunday Times of 6 December, six months later Hollis Industries plc went into administration owing ??41 million including ??16 million due to AGB International Limited; notes that AGB Internation, where the Paymaster General had been a director, itself then went into administration owing ??164 million including ??1.7 million to the Maxwell pensioners and ??490,285 to the Inland Revenue; notes that the effect of those transactions was to remove ??37 million from the Maxwell empire at a time when Robert Maxwell was using ??300 million of pensioners' money to support his businesses; notes that the financing of the ??37 million of value removed came from creditors of the Maxwell empire which included 33,000 Maxwell pensioners; and calls upon the Paymaster General to repay the ??37 million to the Maxwell pension funds and settle all outstanding liabilities with the Inland Revenue.

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Secondary information

Type

Early day motion

Reference

112 

Session

1998-99

Subjects

Company liquidations Companies Conduct Members Members' interests Robinson, Geoffrey Maxwell, Robert

Link

View this Early day motion on www.parliament.uk