§ 93. Mr. Callaghanasked the First Lord of the Admiralty how he proposes to dispose of the undistributed balance of the Royal Naval Prize Fund amounting to £612,328.
§ Commander NobleI regret that the settlement of certain administrative details has delayed the distribution of the residue of the Royal Naval Prize Fund which stood at £537,000 on 31st December last. I cannot forecast how soon these questions will be settled, but I can assure the hon. Member that everything is being done to enable the residue to be disposed of in accordance with the terms of the Prize Act, 1948. My right hon. Friend will make an announcement to the House as soon as possible.