§ 30. Sir Charles Barrie
asked the President of the Board of Trade what are the results of the operation of Part II of the British Shipping (Assistance) Act, 1935?
§ Mr. Runciman
The result of Part II of the Act is that 50 vessels of approximately 186,000 tons gross have been or are being constructed. The total estimated cost of these vessels was £3,686,923, while the total amount advanced to the shipowners concerned was £3,548,124. Ninety-seven vessels of 386,000 tons gross, including 49 British vessels of 238,000 tons gross, have been or will be demolished.