§ Mr. Eldon Griffithsasked the Secretary of State for Industry whether, before deciding to nationalise Court Shipbuilders, he held discussions with the banks and other interested companies with a view to a rescue operation being mounted at less expense to the taxpayers.
§ Mr. BennThe group's needs were too large and too immediate for anything but Government help to be effective. However, the National Westminster Bank has agreed to make to Court Line a loan parallel in amount and conditions to that which the Government have promised.
§ Mr. Bagierasked the Secretary of State for Industry whether he will now make a further statement on the negotiations with Court Line Limited.
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§ Mr. BennI would refer my hon. Friend to my reply to my hon. Friend the Member for South Shields (Mr. Blenkinsop) on 1st July.