§ 14. Mr. William Hamilton
asked 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 Grant
Investment grant is not paid unless all the requirements of the Act are satisfied.
§ Mr. Hamilton
Does 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.