§ Mr. Farey-Jonesasked the Civil Lord of the Admiralty what was the price paid and what outstanding liabilities were accepted by the purchasers of S. G. Brown Limited.
Mr. Leeasked the Civil Lord of the Admiralty what was the price paid and what outstanding liabilities were accepted by the purchasers of S. G. Brown Limited.
§ Mr. C. Ian Orr-EwingThe price to be paid to the Admiralty for S. G. Brown, Limited is £775,000. This is payable in cash on 30th June, and includes repayment in full of outstanding Admiralty loans amounting to £215,000.
The purchasers will also assume responsibility for a bank overdraft standing at £440,000.