§ Mr. Moate
asked the Secretary of State for Transport how much of the £160 million limit in section 1(3) of the Ports (Financial Assistance) Act 1981 has been spent; and if he will give details of how these funds have been expended.
§ Mr. David Howell
About £104 million has now been paid out or committed. This is made up as follows:
Port of London £ million Severances 43 Cashflow deficits* 16 Guarantee for commercial loan 25 Total 84
Mersey Docks and Harbour Company £ million Severances 9 Cashflow deficits* 11 Total 20 * Cashflow deficit grants have only been paid since February 1981, and include essential capital expenditure.