§ Mr. Leadbitter
asked the President of the Board of Trade, (1) what proposals he has to review the conditions and criteria for allocating loans and grants to the shipping industry so as to encourage owners to build more ships in British shipbuilding yards;
(2) if he will make a further statement on the financial support for the shipping and shipbuilding industry.
§ Mr. Dell
The purpose of investment grants is to encourage investment in new shipping by British shipping companies. Questions about the credit guarantee scheme for domestic ship orders under the Shipbuilding Industry Act should be addressed to my right hon. Friend the Minister of Technology.