Shipbuilding Scheme

HC Deb 02 August 1963 vol 682 c211W

Mr. P. Williams

asked the Minister of Transport if he will make a statement about the progress of the Shipbuilding Scheme.

Mr. Marples

After considering recommendations made to me by the Shipbuilding Credit Advisory Committee I have authorised the offer of loans totalling £22,708,100. If all these are taken up by the borrowers, new buildings arising out of the Scheme should total approximately 400,000 deadweight tons and work will start by early 1964. This is made up as follows:

Type of Vessel	No.	Amount of loan	Approximate Deadweight Tonnage
		£
Tankers	3	6,280,000	175,000
Bulk Carriers and Tramps	8	6,558,000	176,000
Cargo Liners	7	9,404,000	65,000
Others	6	466,100	3,000