§ Mr. Joplingasked the Minister of State for Defence whether he will make a further statement on the proposed loan of £4½ million to Yarrow (Shipbuilders) Limited.
§ Mr. Ian GilmourDetailed discussions with the company on the terms and conditions of loan have been completed and the £4½ million will be advanced in instalments over the next few months. A Supplementary Estimate will be submitted to the House in due course; in the meantime arrangements have been made to draw appropriate sums as required from the Contingencies Fund.