§ Mr. Robert L. Howarthasked the Minister of Aviation whether the Government have reached a decision on further finance for Short Brothers and Harland Limited.
§ Mr. StonehouseYes. We have decided that the advance of £510,000 which was announced on 21st December shall be part of a loan of up to £2,150,000 to enable the company to maintain their present programme. The terms of the loan will be covered by the agreement which is now being negotiated with the company. Payments will be made as necessary to meet the company's current needs. The revised amount will be included in a supplementary Estimate and advances made from the Civil Contingencies Fund in anticipation of Parliamentary approval.