HC Deb 09 November 1970 vol 806 cc6-7W
51. Mr. Wingfield Digby

asked the Secretary of State for Trade and Industry how existing contracts in the shipbuilding industry will be defined for the continued eligibility of the shipowner for investment grants.

Mr. Anthony Grant

Contracts for ships will be treated in the same way as contracts for other assets. Whether a contract existed at midnight on 26th October is a question of fact and law on which the applicant must satisfy us in each case. We shall be guided as necessary by legal advice.