§ Mr. Derek Pageasked the Minister of Technology what further interim finance the Government propose to provide to Short Brothers and Harland pending the financial reconstruction of the company.
§ Mr. BennWe have decided to make available to Short Brothers and Harland a further loan of up to £3.35 million to enable the company to maintain its present programme until we have agreed the financial reconstruction with the board and the other shareholders. The terms of the loan will be covered by an agreement which is now being negotiated with the company. Payments will266W be made as necessary to meet the company's current needs. The amount will be included in a supplementary Estimate and advances made from the Civil Contingencies Fund in anticipation of Parliamentary approval.