§ Mr. WareingTo ask the President of the Board of Trade if he will seek European intervention fund assistance to resuscitate the British shipbuilding industry; and if he will make a statement.
§ Mr. Eggar[holding answer 9 December 1992]: The shipbuilding intervention fund is already available to merchant shipbuilders in the United Kingdom. Our agreement with the European Commission forbids the provision of subsidy to those companies which were privatised as warship builders.