§ 48. Mr. Shinwellasked the Minister of Technology how many mergers of shipbuilding firms have been arranged; and what is the number of firms engaged in negotiations on merger proposals.
§ Mr. BennSince the Shipbuilding Industry Act was passed groups have been formed on the Upper Clyde, the Lower Clyde and the Tyne. Two firms in East Scotland have announced their intention to merge and three firms on the Wear are considering grouping proposals. Discussions between some other shipbuilders are proceeding on a confidential basis.