§ Mr. Blenkinsopasked the Secretary of State for Industry how many contracts have been offered assistance under Sections 7 and 8 of the Industry Act 1972 149W in respect of cost escalation insurance for shipbuilders.
§ Mr. VarleyUp to 30th June 1977 cost escalation insurance cover had been offered under Section 7 in respect of orders for 22 ships. No commitments have been made under Section 8. Experience with the scheme has shown that applications in respect of certain export orders for yards outside the assisted areas could be handled more appropriately by ECGD, and it is now dealing with these cases.