§ Mr. Warren
asked the Secretary of State for Industry how much of the £65 million intervention fund announced by him on 24th February 1977 has been spent to date; and what percentage price reductions this fund has produced in the cost of ships built in British yards.
§ Mr. Kaufman
Of the total so far committed, expenditure from the fund up to 17th July was £1.38 million. The effect of the fund on the selling price of the ship is a matter for the company and the Department of Industry.