§ Mr. Gryllsasked the Secretary of State for Industry what has been the total amount of public money put into nationalised British Shipbuilders since vesting day, including intervention fund payments, giving the dates when each payment was made and the dates when each amount of public dividend capital and national loans fund money was paid in.
§ Mr. Michael MarshallThe following table gives the details:
NLF and PDC (£million) 1977–78 1978–79 1979–80 1980–81 Financial year *NLF *NLF PDC PDC April — — — 20 May — — — — June — 20 — 20 July — — 20 — — August — — 20 — 20 September — — 20 — — October — — — — — November — — 20 — 20 December — †40 45 ‡166 January — — — 20 February — — — 20 March — 15 — 30 Totals 55 ‡145 ‡236 80 Shipbuilding Intervention Fund and other Grants§ (£million) 28 13 32 26
*National loans fund advanced on an interim basis. †Repaid with interest on 13 December 1979. ‡All outstanding NLF loans were repaid in full with interest on 21 December 1979 and were replaced by PDC. §Payments from the intervention fund are made by instalments during construction. In view of the large number of individual payments these figures have been grouped.