HC Deb 18 July 1923 vol 166 cc2284-5
19. Mr. HANNON

asked the First Lord of the Admiralty whether the amount of £114,600 in the Navy Estimates for 1922–23 for expenditure on the two oil-tank vessels under construction in His Majesty's dockyards included any provision for overhead charges additional to those provisionally reckoned in the cost accounts; the amount of this sum which has already been expended; and the total cost of the two vessels and the total loss, if any, incurred on the selling price?


The answer to the first part of the question is in the negative. The whole amount mentioned was spent. The total cost of the two vessels, as so far ascertained, including provision for interest and insurance, was £794,209. On this basis, the total loss on the two vessels was £172,709.