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Credit Facilities

Volume 649: debated on Wednesday 22 November 1961

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asked the Minister of Transport whether he will now seek the permission of those bodies or Governments who have given him information regarding the credit facilities now being offered by the principal foreign competitors of the United Kingdom shipbuilding industry to publish all such information.

For the reasons my right hon. Friend gave to the hon. Member for Cirencester and Tewkesbury (Mr. Ridley) on 15th November, accurate information about credit facilities offered by foreign shipyards can in most cases be obtained only from individual tenders or contracts which are normally confidential. It would be misleading to publish partial information.