HC Deb 21 March 1944 vol 398 cc681-2W
Mr. Liddall

asked the First Lord of the Admiralty to what extent the Government are interested, directly or through nominees, in the affairs of the Fairmile Marine Company, Limited, and/or the Fairmite Engineering Company, Limited; what is their paid-up capital; what authority either of these companies has to act as agents for the Government; and whether they are authorised in any way to make arrangements in connection with post-war purchases or policy.

Captain Pilkington

The Fairmile Marine Company, Limited, is a private company, with a nominal share capital of £1,000 in £1 shares, of which six only have been issued, all of which are held by Government nominees on behalf of the Admiralty. They act with full authority as agents and managers for the Admiralty in connection with the construction of certain types of small craft. The Admiralty are represented on the Board of the company. The whole of the company's production is for Admiralty account. The Admiralty has no interest in the Fairmile Engineering Company, Limited. The answer to the last part of the Question is in the negative.