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CONDUCT AND INTERESTS OF THE PAYMASTER GENERAL

EDM (Early Day Motion) 555: tabled on 03 December 1997

Tabled in the 1997-98 session.

This motion has been signed by 23 Members. It has not yet had any amendments submitted.

As this motion is using historical data, we may not have the record of the original ordering, in which case signatories are listed alphabetically.

Motion text

That this House, mindful of Labour's pledge not to 'permit tax reliefs to millionaires in offshore tax havens', notes that the Paymaster General is simultaneously abolishing PEPs and TESSAs, and is a beneficiary of the offshore Orion Trust; and calls upon him to clarify why he sold his rights to ú10 million of Trans Tec shares to Stenbell, and how much of the latter he owns, and why these shares were then passed to Orion, whether he holds any other of his 30.4 million shares in Trans Tec in offshore trusts, whether Orion was the family trust noted in Trans Tec's 1996 annual report in which he held 9.8 million shares, and who increased this holding to 12.7 million shares in September 1997, and whether Orion holds any other assets, why and when he made a personal loan of $1 million to Roll Centre Inc. before its purchase by Trans Tec and whether any similar loans are extant, whether he is still in receipt of pension certification or other emoluments for Trans Tec, what agreement was conducted with the late Robert Maxwell on the 1991 company merger with Trans Tec, and why the latter sold back his shares just before his death.

The first 6 Members who have signed to support the motion are the sponsors. The primary sponsor is generally the person who tabled the motion and has responsibility for it. The date shown is when the Member signed the motion.

In addition to the sponsors, the following Members have signed to support the motion.

There are no withdrawn signatures for this motion.