HC Deb 17 February 1997 vol 290 cc374-5W
Mr. Peter Atkinson

To ask the President of the Board of Trade if he will make a statement about the external financing limit of British Shipbuilders. [16555]

Mr. Lang

The external financing limit has been adjusted from-£21 million to-£1 million. The original figure rested on the assumption that agreement would be reached this year with regard to a claim for payment to British Shipbuilders of £20 million. The matter has now gone to arbitration and receipt is not now expected in this financial year.

Forward to