§ Mr. Hordernasked the Secretary of State for Industry if he will list each of the shipbuilding firms which has received Government assistance since 1970 and the extent of that assistance; and how many
SHARES £ million Company 1970–71 1971–72 1972–73 1973–74 1974–75 (to 31st December) Total Cammell Laird Shipbuilders Ltd. 1.500 — — — — 1.500 Govan Shipbuilders Ltd — — 5.000 — 5.000(1) 10.000 Harland & Wolff Ltd — 4.000 — — — 4.000 Total 1.500 4.000 5.000 — 5.000 15.500 Notes: (1) Conversion of loan made under Industry Act 1972. (2) In addition to the above, during 1974, the Government purchased Court Line's shipbuilding, ship repairing and associated interests for an agreed sum of about £16 million of which about £12.8 million has so far been paid. 122W
LOANS £ million Company 1970–71 1971–72 1972–73 1973–74 1974–75 (to 31st December) Total Appledore Shipbuilders Ltd. 0.250 0.814 — — — 1.064 Brooke Marine Ltd. 1.560 0.060 — — — 1.620 Cammell lard Shipbuilders Ltd — — 1.204 5.096 1.259 7.559 Cochrane & Sons Ltd. — 0.200 — — — 0.200 Drypool Eng. & Dry Dock Co. Ltd — 0.134 — — — 0.134 Govan Shipbuilders Ltd — — 3.000 5.500 6.250 14.750* Harland & Wolff Ltd — — — 5.000 6.000 11.000 Charles D. Holmes Ltd — 0.085 — — — 0.085 Porthleven Shipyard (Cornwall) Ltd — — — — 0.015 0.015 Robb Caledon Shipbuilders Ltd.(and Caledon Shipbuilding & Eng. Co. Ltd.) 0.200 — — — — 0.200 Ryton Marine Ltd. — 0.100 — 0.050 — 0.150 Scott Lithgow Group 2.128 1.671 — — — 3.799 Sunderland Shipbuilders Ltd. — — — — 6.000 6.000 Liquidator of Upper Clyde Shipbuilders Ltd. — — 2.700 — — 2.700 Yarrow Ltd. 4.500 — — — — 4.500 Total 8.638 3.064 6.904 15.646 19.524 53.776* * Of which £ 5 million advanced to Govan Shipbuilders Ltd. was converted into equity in December 1974. people are employed in shipbuilding activities of each firm.
§ Mr. Meacher:the tables below give details of Government financial assitance to shipbuilding companies by the Shipbuilding Industry Board, under Part II of the Industry Act 1972, Northern Ireland legislation, and other special arrangements. They exclude construction grants, which were payable to all shipbuilders and assistance available to industry generally.
Details of numbers employed on shipbuilding activities by company are not publicly available but the numbers employed by the larger shipbuilding companies in 1972 are shown in the Report "British Shipbuilding 1972", which was published by HMSO.
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GRANTS £ million Company 1970–71 1971–72 1972–73 1973–74 1974–75 (to 31st December) Total Appledore Shipbuilders Ltd. — 0.035 — — — 0.035 Cochrane & Sons Ltd. — 0.015 — — — 0.015 Drypool Eng. & Dry Dock Co. Ltd. — 0.001 — — — 0.001 Richard Dunston (Hessle) Ltd. (and Richard Dunston Ltd.) — 0.008 — — — 0.008 Govan Shipbuilders Ltd. — — — 1.051 2. 204 3. 255 Hall Russell Ltd. — 0.011 — — — 0.011 Harland & Wolff Ltd. 4.915 2.275 13.803 3.724 1.144 25. 861 Porthleven Shipyard (Cornwall) Ltd. — — — — 0.015 0. 015 Robb Caledon Shipbuilders Ltd. (and Caledon Shipbuilding & Eng. Co. Ltd.) — 0.104 — — — 0.104 Scott Lithgow Group 0.758 0.678 — — — 1.436 Swan Hunter Group 0.552 1.176 — — — 1.728 Upper Clyde Shipbuilders Ltd. (including assistance to liquidator of Upper Clyde Shipbuilders) 0.265 7.435 — — — 7.700 Vickers Ltd. 0.140 0.037 — — — 0.177 Vosper Ltd. 0.089 — — — — 0.089 Yarrow (Shipbuilders) Ltd. 0.096 0.153 — — — 0.249 Total 6.815 11.928 13.803 4.775 3.446* 40.767* * These totals include small amounts of selective assistance amounting in all to £0.083 million advanced to a number of companies during 1974.