HC Deb 11 March 1969 vol 779 cc261-2W
Mr. Brooks

asked the Secretary of State for Defence how much expenditure has been incurred by the Government and by the firm of Cammell Laird under contract with Her Majesty's Government, respectively, during the years 1962 to 1968, inclusive, in the provision of those facilities required specifically for the construction of Polaris and Fleet nuclear submarines; and what is the present value of those facilities.

Mr. John Morris

£1.4 million by the Ministry of Defence and £2.5 million by Messrs. Cammell Lairds. Towards this latter sum the Board of Trade made a grant of £0.5 million. It is not possible to assess the value of the Government-owned assets until decisions have been taken about the use to which they can be put when they are no longer required for the present contract. The value of the assets financed by Cammell Lairds is a matter for the company itself to decide.

Forward to