HC Deb 27 November 1981 vol 13 c516W
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.

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