HC Deb 25 July 1972 vol 841 cc272-3W
Mr. Laurance Reed

asked the Secretary of State for Trade and Industry what is National Research and Development Council's stake in Cammell Laird's seabed vehicle; and what action he will take to ensure that the public investment in this project is not lost.

Mr. Onslow

The National Research Development Corporation has taken all reasonable steps to safeguard its investment and has so far recovered all but £60,000; there is a possibility of further recoveries. Some of the experience gained during the course of the development work can be applied to other underwater engineering projects.