§ Mr. Prescottasked the Secretary of State for Trade and Industry what grants and loans for shipbuilding and shipping operations at what interest rates have been given to the Cunard Steam-Ship Company since 1955.
§ Mr. RidleyTwo agreements made with Cunard in 1968 under the Industrial Expansion Act, 1968, provided for governmental loans of up to £24 million towards the cost of completing the "Queen Elizabeth 2". £19½ million of this was actually taken up, of which £7½ million was lent to the Cunard Steam-Ship Company at the rate of 4½ per cent., while £12 million was lent to the subsidiary Cunard Line Ltd. at a rate of 4½ per cent. until 1972, the rate of interest thereafter on the outstanding balance of the loan to be the subject of negotiation. It is not the practice to disclose whether and to what extent investment grants have been paid to individual companies.
§ Mr. Prescottasked the Secretary of State for Trade and Industry what grants and loans have been given to the Cunard Steam-Ship Company to assist in its air operations.
§ Mr. RidleyNone.