§ 81. Mr. Patrick Jenkinasked the President of the Board of Trade if he will give an estimate of the cost of paying investment grants to foreign-owned shipping companies in respect of new ships ordered before 8th January, 1968; and how much of that cost is attributable to ships built or to be built in foreign shipyards.
§ Mr. DarlingI estimate that over the next few years approximately £39 million will be paid in investment grant to the companies controlled by persons resident outside the United Kingdom on new ships ordered before 8th January, 1968. Some £35 million will be on ships built outside the United Kingdom.