34. Mr. Edward M. Taylorasked the President of the Board of Trade what plans he has for extending the Shipbuilding Credit Scheme.
§ 39. Mr. Pounderasked the President of the Board of Trade whether he intends to renew the shipbuilding credit facilities for a further period.
§ The Minister of State, Board of Trade (Mr. Roy Mason)My right hon. Friend has no plans for renewing or extending the Shipbuilding Credit Scheme.
Mr. TaylorIs the Minister of State aware that his reply will cause great concern in the shipbuilding industry? Is he aware just how much the industry has benefited from the two years of stability which this scheme has provided? In arriving at this decision, did he take into account the fact that the shipbuilding industry provides a great deal of employment in areas of high unemployment and that in the west of Scotland alone more than 70 per cent. of families depend, directly or indirectly, on this industry? Will he, therefore, review this decision?
§ Mr. MasonWe are fully aware of the concern which is felt in the shipbuilding industry over the running down of orders following the end of the Shipbuilding Credit Scheme. There is a fair volume of orders still within the industry and this will give us time to make a full appraisal of the fundamental problems facing the industry. That is the practical survey which I am now carrying out.
§ Dame Irene WardWill the Minister repeat to the House the pledges made in shipbuilding areas during the election?
§ Dame Irene WardThe Minister is speaking for the Government.
Mr. TaylorI wish to give notice that in view of the unsatisfactory nature of the Minister's reply, I will raise the matter on the Adjournment.