§ 52. Mr. Wingfield Digbyasked the President of the Board of Trade whether, in view of the high cost to shipping companies of purchasing both new container ships and also the containers themselves, he will extend investment grants to firms 78W leasing containers to shipping companies, to enable them to compete better with their foreign competitors.
§ Mr. JayNo. I consider that we are providing a sufficient incentive by giving 25 per cent. grants to shipowners on three sets of containers for each new container ship. The ships themselves are also eligible for 25 per cent. grants.