§ Sir David Priceasked the Secretary of State for Industry if he will publish in the Official Report the latest figures compiled by the Organisation for Economic Cooperation and Development for new shipbuilding orders, measured in gross compensated tonnage, secured by each member country through 1980; and how each of those figures compare with similar figures for 1979.
§ Mr. Michael Heseltine:The information is contained in the following table:
in Talbot Motors Limited's indebtedness to his Department; and what is the present level of outstanding loans to the company.
111W
§ Mr. David Mitchell:On 8 August the company repaid the £22 million of the loan secured on its assets which had been drawn down by 31 December 1979 together with accrued interest. As a result, the company's liability to the Secretary of State under the terms of the agreement of 16 December 1978 is reduced to the £28 million loan which is guaranteed by the parent company PSA Peugeot Citroen. Interest on this loan has now been fixed at 11.9 per cent. per annum and under the terms of the agreement repayment is to commence on 31 December 1985. A copy of the supplemental agreement relating to these changes has been placed in the Library.