§ Mr. Gryllsasked the Secretary of State for Industry how much public money has been committed altogether by the Government to SB Realisations Limited (a) by means of equity participation and (b) by means of loans; and if he will publish the conditions under which these loans were made and the date for their repayment.
§ Mr. Les Huckfield£12.26 million. Of this £1.26 million is in shares at cost—of which 42,050 are 5 per cent. redeemable cumulative £1 preference shares—and a total of £11 million has been loaned to SB (Realisations) Ltd.'s subsidiary, Short Brothers & Harland Ltd. Interest is payable on £8.5 million at rates between 7½ per cent., and 8¾ per cent. and £2.5 million is interest free. No repayment date has been specified. The Northern Ireland 15W Department of Commerce has also provided Short Brothers & Harland Ltd. with financial assistance.