§ Mr. FranksTo ask the Secretary of State for Trade and Industry if he will make a statement on British Shipbuilders' external financing limit for 1992–93.
§ Mr. LeighBritish Shipbuilders' external financing limit for 1992–93 was set at minus £5.0 million as recorded in the Government's expenditure plans 1992–93 to 1994–95 published in January 1992 (Cm 1904). I am now able to announce a reduced EFL for 1992–93 of minus £6.85 million which amounts to an improvement of £1.85 million. This has been made possible by the inclusion in British Shipbuilders' internal resources of forecast receipts from RENAVAL funding and interest earned on accumulated cash balances.