§ 48. Sir C. Osborneasked the Minister of Technology what will be the net cost to public funds of the Government's investment in the Fairfield Shipbuilding Company; how much of the investment he expects to recover; and by what date.
§ Mr. DellThe Government has invested £530,000 in the ordinary shares of Fairfields (Glasgow) Ltd., and my right hon. Friend has no present plans for disposing of these shares. In addition the Government has put £940,000 into 7 per cent. unsecured load stock issued by the company and this is due to be repaid by 31st December, 1975.