asked the Secretary of State for Industry if he will list each of the shipbuilding firms which has received Government assistance since 1970 and the extent of that assistance; and how many
SHARES | ||||||
£ million | ||||||
Company | 1970–71 | 1971–72 | 1972–73 | 1973–74 | 1974–75 (to 31st December) | Total |
Cammell Laird Shipbuilders Ltd. | 1·500 | — | — | — | — | 1·500 |
Govan Shipbuilders Ltd | — | — | 5·000 | — | 5·000(1) | 10·000 |
Harland & Wolff Ltd | — | 4·000 | — | — | — | 4·000 |
Total | 1·500 | 4·000 | 5·000 | — | 5·000 | 15·500 |
Notes: | ||||||
(1) Conversion of loan made under Industry Act 1972. | ||||||
(2) In addition to the above, during 1974, the Government purchased Court Line's shipbuilding, ship repairing and associated interests for an agreed sum of about £16 million of which about £12.8 million has so far been paid. |
LOANS | ||||||
£ million | ||||||
Company | 1970–71 | 1971–72 | 1972–73 | 1973–74 | 1974–75 (to 31st December) | Total |
Appledore Shipbuilders Ltd. | 0·250 | 0·814 | — | — | — | 1·064 |
Brooke Marine Ltd. | 1·560 | 0·060 | — | — | — | 1·620 |
Cammell lard Shipbuilders Ltd | — | — | 1·204 | 5·096 | 1·259 | 7·559 |
Cochrane & Sons Ltd. | — | 0·200 | — | — | — | 0·200 |
Drypool Eng. & Dry Dock Co. Ltd | — | 0·134 | — | — | — | 0·134 |
Govan Shipbuilders Ltd | — | — | 3·000 | 5·500 | 6·250 | 14·750* |
Harland & Wolff Ltd | — | — | — | 5·000 | 6·000 | 11·000 |
Charles D. Holmes Ltd | — | 0·085 | — | — | — | 0·085 |
Porthleven Shipyard (Cornwall) Ltd | — | — | — | — | 0·015 | 0·015 |
Robb Caledon Shipbuilders Ltd.(and Caledon Shipbuilding & Eng. Co. Ltd.) | 0·200 | — | — | — | — | 0·200 |
Ryton Marine Ltd. | — | 0·100 | — | 0·050 | — | 0·150 |
Scott Lithgow Group | 2·128 | 1·671 | — | — | — | 3·799 |
Sunderland Shipbuilders Ltd. | — | — | — | — | 6·000 | 6·000 |
Liquidator of Upper Clyde Shipbuilders Ltd. | — | — | 2·700 | — | — | 2·700 |
Yarrow Ltd. | 4·500 | — | — | — | — | 4·500 |
Total | 8·638 | 3·064 | 6·904 | 15·646 | 19·524 | 53·776* |
* Of which £ 5 million advanced to Govan Shipbuilders Ltd. was converted into equity in December 1974. |
people are employed in shipbuilding activities of each firm.
the tables below give details of Government financial assitance to shipbuilding companies by the Shipbuilding Industry Board, under Part II of the Industry Act 1972, Northern Ireland legislation, and other special arrangements. They exclude construction grants, which were payable to all shipbuilders and assistance available to industry generally.Details of numbers employed on shipbuilding activities by company are not publicly available but the numbers employed by the larger shipbuilding companies in 1972 are shown in the Report "British Shipbuilding 1972", which was published by HMSO.
GRANTS | ||||||
£ million
| ||||||
Company
| 1970–71 | 1971–72 | 1972–73 | 1973–74 | 1974–75 (to 31st December) | Total
|
Appledore Shipbuilders Ltd. | — | 0·035 | — | — | — | 0·035 |
Cochrane & Sons Ltd. | — | 0·015 | — | — | — | 0·015 |
Drypool Eng. & Dry Dock Co. Ltd. | — | 0·001 | — | — | — | 0·001 |
Richard Dunston (Hessle) Ltd. (and Richard Dunston Ltd.) | — | 0·008 | — | — | — | 0·008 |
Govan Shipbuilders Ltd. | — | — | — | 1·051 | 2· 204 | 3· 255 |
Hall Russell Ltd. | — | 0·011 | — | — | — | 0·011 |
Harland & Wolff Ltd. | 4·915 | 2·275 | 13·803 | 3·724 | 1·144 | 25· 861 |
Porthleven Shipyard (Cornwall) Ltd. | — | — | — | — | 0·015 | 0· 015 |
Robb Caledon Shipbuilders Ltd. (and Caledon Shipbuilding & Eng. Co. Ltd.) | — | 0·104 | — | — | — | 0·104 |
Scott Lithgow Group | 0·758 | 0·678 | — | — | — | 1·436 |
Swan Hunter Group | 0·552 | 1·176 | — | — | — | 1·728 |
Upper Clyde Shipbuilders Ltd. (including assistance to liquidator of Upper Clyde Shipbuilders) | 0·265 | 7·435 | — | — | — | 7·700 |
Vickers Ltd. | 0·140 | 0·037 | — | — | — | 0·177 |
Vosper Ltd. | 0·089 | — | — | — | — | 0·089 |
Yarrow (Shipbuilders) Ltd. | 0·096 | 0·153 | — | — | — | 0·249 |
Total | 6·815 | 11·928 | 13·803 | 4·775 | 3·446* | 40·767* |
* These totals include small amounts of selective assistance amounting in all to £0.083 million advanced to a number of companies during 1974. |