Results 61–80 of 1565 for speaker:Mr Edward Leadbitter

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: It is not only a case of the power being there. My hon. Friend may recall that, in my speech, I referred to the holding company: under the Bill, it will have financial control. Here is a proposition. Investors may make a large-scale investment in the port, with a long-term payback and the prospect of a smaller financial return; or they may make a short-term investment with a quick payback...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: Which is more likely to be successful—a port authority whose objective is to look after a port's operations and maintenance—that is, the port of itself—or a port within a group of other interests, a group that may invest unfortunately and lose out? Will a port's chances be lessened if it is part of a group in which other interests and decisions are involved, and will they be increased...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: It cannot be true that the hon. Gentleman is giving the full credit to the right hon. Member for Chingford (Mr. Tebbit). With great respect, and without wishing to diminish the right hon. Gentleman's reputation—which is beside the point—for the very first time we worked in unity in the northern region with a positive plan to attract Nissan's investment. The northern region succeeded, not...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: One of the most significant aspects of the Bill is that the Government have not remained neutral. In the debate on the Midland Metro Bill, the Minister for Aviation and Shipping made a short intervention in which he gave no encouragement to the promoters of that Bill that they could look forward to any grant under section 56. He said that, as always with a private Bill, the Government were...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: That is the case. Let us forget for one moment the presumption that because the proposers proposed the Bill they are right. The Tees and Hartlepool Port Authority has a chairman, a chief executive, a kind of secretary and 10 non-executive members. Between them, they have been dilly-dallying with the Government for the past few months. Yet hon. Members who, with great respect to those...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: It was suffering from incompetent advice. Other legal advisers are helping us now. In Committee, the port's chief executive said that the section is a protection for Hartlepool but to make out a case for the private Bill counsel said that it was a constraint. Men who are supposed to be honourable and intellectually attuned are contradicting each other. We do not have what I call truth in the...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: It is possible that we could still do that. My hon. Friend mentions legal fallibilities.

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: It was harder to smoke out Blunt than it was to smoke out the promoters of this Bill. I turn to the saga of the 50 per cent. sale of the proceeds, which is going into the pockets——

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: This part of the story is at least fascinating. We shall take with it the saga of the enabling legislation. I do not know whether the chief executive was a delegate at the Tory party conference, but we were receiving communications from Bournemouth from time to time. I thought that the Secretary of State for Transport had enough trouble without him being there. The chief executive's...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: It is more than a coincidence that we have this private Bill and the chief executive in Bournemouth. The chief executive is not an old-age pensioner. He is not thinking of retiring there, but he may say that it was a pure accident that the conference took place while he was visiting that very interesting town. I have looked through some of the epistles, the communiqués and their dates. On...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: I accept that observation. The hon. Gentleman expressed his concern in my constituency, and I took note of that. The hon. Gentleman jumped to July. I want to go back to June. On 27 June 1990, the Clyde port authority sent a letter to worthy hon. Members, such as myself, and said: We share the Government's view"— that means that the Government have expressed a view for the authority to...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: I feel disposed to limit my feelings of friendship. The secretary of the Tees and Hartlepool port authority wrote: We have also won the return of the 50 per cent. proceeds. He had nothing to do with it—he was told what to do. Later on, the chief executive said that it came as no surprise to him. They cannot even work together. As I said, when we reach privatisation in four months' time, we...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: Now moving to the 50 per cent. robbery—

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: —the enabling proposals that were announced in Bournemouth, the conference town, the Secretary of State and the chief executive of the port authority have now agreed on one thing. Mr. Hackney said: Our belief is that the Government announcement of an enabling Bill of trust ports that is, to privatise— would not have happened without our Bill, and the money that was spent on it has been...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: An hon. Member would not get away with it because it is not the truth. I consider it to be utter impertinence to write to a Member of Parliament or to anybody and say that this enabling proposal would not have existed without the Bill. I now give another quotation to which I referred on Second Reading on 15 Marcxh.

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: I remember it well, too. I refer to the report of the minutes of evidence of the first sitting of the Committee on 15 May 1990. Mr. Hackney himself exposed the real position. He said: We were also advised"— that is, by the Department of Transport— that the Government would not be providing enabling legislation at that time because of problems with legislation in the House. There was not...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: The shadow Secretary of State for Bolsover did it in one. He got it right.

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: Having covered the success of the port in that thumbnail sketch, I now remind the House that, apart from the constraints that Mr. Bartlett wanted to remove because they were a costly item in the port's financial affairs, he mentioned two other reasons for the Bill. One was getting ready for 1992, but I will not waste time on that——

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: No, there is plenty of time for other things. The other idea was to be free to go into other investment ventures. In pages 25 and 26 of the proceedings of the Committee Mr. Hackney said: The authority over the years has built up considerable sums of money initially invested in the money markets but the stock market suggested better returns so surplus funds were divided into two and given to...

Tees and Hartlepool Port Authority Bill (22 Oct 1990)

Mr Edward Leadbitter: My hon. Friend is quite right. I never dreamed that my threat had so much weight. However, I want to conclude.


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