§ 14. Mr. William Hamiltonasked the Secretary of State for Trade and Industry what steps he intends to take to prevent abuses in the operation of the Industrial Development Act, with particular reference to the public financing of yachts to be used for business purposes.
§ Mr. Anthony GrantInvestment grant is not paid unless all the requirements of the Act are satisfied.
§ Mr. HamiltonDoes that answer mean that the yacht "Cadabra" which was built for Mr. B. D. Hulme fulfils all those conditions and that in fact it is a floating showroom rather than a luxury cruiser built at the taxpayers' expense.
§ Mr. GrantThe Answer means that there have been no cases drawn to my attention of infringements of the Act. If the hon. Gentleman has any evidence which he wishes to submit, I will gladly consider it.