§ Mr. P. Wellsasked the Parliamentary Secretary to the Admiralty whether, in view of the time that has elapsed since the announcement of the closure of Her Majesty's Dockyard. Sheerness, he will now make a statement as to its future.
§ Mr. T. G. D. GalbraithThe Admiralty has agreed, subject to contract, to sell Sheerness Dockyard to Building Developments Ltd. which intends to develop the Dockyard as a single or a few large units for engineering production, erecting new industrial buildings as appropriate. The company brings together the interests of Messrs. Balfour Beatty (who are controlled by Power Securities Ltd.), City Centre Properties Ltd. and the Industrial Finance and Investment Corporation Ltd. It expects to take possession of the Dockyard in the spring of 1960 at the latest.