§ Mr. Gryllsasked the Secretary of State for Industry how much public money has been committed altogether by the Government to Sunderland Shipbuilders 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 HuckfieldThe Government own the whole of the share capital of Sunderland Shipbuilders Ltd. which consists of 11,062,000 £1 shares. Loans to date total £8.5 million. The conditions and repayment terms attached to the loans are set out in note 20 to the balance sheet of the company's 1975 accounts, a copy of which has been placed in the Library of the House.