HC Deb 02 March 1960 vol 618 cc1192-3
5. Mr. Shinwell

asked the Civil Lord of the Admiralty the estimated breakup value of H.M.S. "Vanguard".

Mr. C. Ian Orr-Ewing

I cannot give a precise statement because we are considering disposal of the ship following competitive tendering. Any opinion of her value expressed publicly at this stage might prejudice the tenders.

Mr. Shinwell

While I appreciate the point the hon. Gentleman has made and agree with what he said, may I ask whether we can be assured that when the time comes when the tenders are considered and the contract is fixed the House will be informed of what the Admiralty have received as a result of the break-up of this vessel?

Mr. Orr-Ewing

My noble Friend has no desire to keep these matters secret—

Mr. Emrys Hughes

Why should he?

Mr. Orr-Ewing

—but the nearest measure we have of what sum may be realised is what is being realised for the King George V, the last battleship to be broken up.

Mr. Emrys Hughes

How much?

Mr. Orr-Ewing

Although it is not exactly comparable because the prices of scrap steel have changed enormously during the period, she realised about £500,000.

Mr. Emrys Hughes

And was of more value as scrap.