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Shipbuilding Firms (Finance)

Volume 646: debated on Tuesday 24 October 1961

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69.

asked the Chancellor of the Exchequer what action he is taking to ensure that British shipbuilding firms can secure long-term finance to enable them to compete with Continental producers.

The evidence I have seen does not suggest that difficulty in obtaining long-term finance is a major factor preventing British shipbuilding firms from competing with Continental producers.