§ Mr. John Evansasked the Secretary of State for Northern Ireland if he made Government finance available to Harland and Wolff, Ltd., Belfast, to offset the losses created by the cancellation of the three VLCC's on order for Maritime Fruit Carriers Ltd.; and, if so, how much.
§ Mr. OrmeIt is not correct to suppose that net losses will result from the cancellation of the three VLCCs. The redeployment of facilities and manpower to other contracts which are subject to time stipulations will substantially benefit Harland and Wolff Ltd. This is an advantage in440W the context of the Government's undertaking to guarantee the company's liabilities in so far as it is unable to meet them from its own resources.